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.
“Generative AI is changing everything. 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. That’s twice as much AI training as we had booked at the end of the last Q4,” Larry Ellison, executive chairman, and chief technology officer at Oracle, said during an earnings call with analysts.
