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Oracle expects data-hungry generative AI to drive revenue growth

CIO Business Intelligence

Oracle is betting on high demand for data, driven by generative AI -related workloads, to boost revenue in upcoming quarters as enterprises look to adopt generative AI for productivity and efficiency. For the first quarter of fiscal year 2024, Oracle posted a total revenue of $12.5 Generative AI is changing everything.

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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

The report for Q3 of fiscal 2024, released yesterday, said that Oracle had signed multiple large-scale cloud infrastructure contracts in the previous three months, with no end in sight, as CEO Safra Catz touted the company’s bright prospects in cloud. “We Enterprise Applications, Oracle, Technology Industry

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Oracle’s Larry Ellison looks to one-up Amazon, offering full cloud inside customer data centers

GeekWire

Oracle founder CTO Larry Ellison. Oracle photo). Oracle unveiled a new service that promises to make all of its public cloud services available as a fully managed cloud region in its customers’ data centers, developed by an Oracle team based largely in the company’s Seattle engineering office.

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Tech Moves: Lighter Capital names new CEO; Amazon exec joins Uber as CTO; and more

GeekWire

.” — Uber appointed Sukumar Rathnam as its new chief technology officer. He was an executive at PeopleSoft, which was acquired by Oracle in 2005. Long-time Uber CTO Thuan Pham stepped down earlier this year shortly before the company cut 25% of its global workforce. Founded in 2014, Vettd.ai Microsoft Photo).

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Customer data platform Amperity adds marketing and HR execs from F5, RealWear

GeekWire

McDonagh spent more than two decades at Intel and was most recently chief marketing officer at RealWear. The hires will help Amperity support growth of its customer data platform used by companies to get a handle on who is buying their products. Companies are increasingly trying to organize their first-party data, Padgett said.

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New CIO appointments in India, 2022

CIO Business Intelligence

He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. Amit Goel joins Blox as CTO. Real estate buying platform Blox has appointed Amit Goel as its chief technology officer, based in Mumbai.

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Join Architects, Planners, Program Managers, Data Scientists at 4th Annual Cloudera Federal Forum in DC 25 Feb

CTOvision

This popular gathering is designed to enable dialogue about business and technical strategies to leverage today’s big data platforms and applications to your advantage. Engaging the Hadoop Developer — Deep-dive with industry experts into the key projects, technology, and emerging trends driving the enterprise adoption of Hadoop.