While Nvidia has long been lauded for its AI dominance, Billionaires Steven Cohen and Israel Englander have notably reduced their positions in the company and turned their attention toward Oracle's potential in the AI sector, per Yahoo Finance.
Cohen and Englander's decision to invest in Oracle demonstrates their belief in the company's ability to grow over an extended period, especially considering Oracle's strong performance in generating revenue from cloud infrastructure, which experienced a significant increase of 49% in the latest financial quarter.
Oracle's AI Infrastructures
Traditionally, Oracle is recognized for its software and database solutions. Today, it has emerged as a contender in the AI infrastructure space, reporting a surge in demand that has exceeded its supply capacity.
In return, Oracle has been expanding its AI infrastructure offerings, positioning itself to cater to the growing demand for AI-related services.
Now, the said infrastructure includes various tools and platforms designed to support AI development and deployment, including but not limited to cloud-based services, such as machine learning tools, AI-powered analytics, and specialized hardware optimized for AI workloads.
More than that, Oracle's AI infrastructure also aims to provide scalable and efficient solutions for businesses seeking to use AI technologies in data analysis, predictive modeling, and automation.
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