TapTechNews June 12th news, Oracle disclosed that Microsoft will expand the Azure AI platform with its cloud service (OCI) to provide additional computing power for OpenAI.
OpenAI's CEO Sam Altman stated, OCI will expand the Azure platform to allow OpenAI to continue to expand, which means the existing Azure cloud service can no longer meet OpenAI's demand for GPUs.
At Oracle's fiscal Q4 2024 earnings conference call, Oracle chairman and chief technology officer Larry Ellison told investors that Oracle is building a very, very large data center, at least half of which is for Microsoft.
(Including) a large number of NVIDIA chips, new NVIDIA chips, new NVIDIA interconnect architecture; liquid cooling thermal architecture; they are mainly used for training. I mean, it's not for inference. It is used for a lot of training.
On Tuesday, Oracle also announced a partnership with Google, enabling its cross-cloud interconnect service to be available in 11 OCI regions, and Oracle Database@GoogleCloud also promised to make its debut later in 2024.
Earnings reports show that Oracle had revenue of $14.3 billion (TapTechNews note: currently about 103.88 billion yuan) in fiscal Q4 2024, an increase of 3% year-on-year. Cloud services and license support revenues increased by 9% to $10.2 billion (currently about 74.096 billion yuan).
Oracle CEO Safra Ada Catz disclosed that due to the sharp increase in the demand for large language model training, Oracle signed the largest sales contract in our history this quarter, and OCI, Autonomous, Fusion and NetSuite sales all set new records.
In fiscal 2024, Oracle's annual revenue was $53 billion (currently about 385.01 billion yuan), an increase of 6% year-on-year, but Catz expects this number to accelerate and predicts that the growth rate of infrastructure services will exceed the 50% we reported this year.