Oracle expects data-hungry generative AI to drive revenue growth
CIO Business Intelligence
SEPTEMBER 12, 2023
As of today, AI development companies have signed contracts to purchase more than $4 billion of AI training capacity in Oracle’s Generation 2 cloud. Net income for the quarter rose 56% year-on-year to $2.4 Revenue from cloud applications for the quarter grew 15% year-on-year to $3.1 “Generative AI is changing everything.
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