On the fringes of the Oracle Data & AI Forum in Bengaluru, Chris Chelliah, senior VP of technology and customer strategy at Oracle Japan and Asia Pacific, stated, “Oracle brings AI to the enterprise in software-as-a-service (SaaS) applications, AI services, data, and infrastructure.”
The massive US technology company Oracle intends to increase its investments in artificial intelligence (AI) in India by twofold. On the fringes of the Oracle Data & AI Forum in Bengaluru, Chris Chelliah, senior VP of technology and customer strategy at Oracle Japan and Asia Pacific, stated, “Oracle brings AI to the enterprise in software-as-a-service (SaaS) applications, AI services, data, and infrastructure.” “We intend to increase our investments in India going forward, with a particular emphasis on data,” he continued.
Oracle AI Vector Search and more than 300 other significant capabilities are included in the company’s most recent database version, the Oracle Database 23ai, which is intended to facilitate the use of AI with data, accelerate application development, and improve the execution of mission-critical activities. Oracle Exadata Database Service, Oracle Exadata Cloud@Customer, and Oracle Base Database Service are some of the services that provide access to it within Oracle Cloud Infrastructure.
Customers may safely search through documents, photos, and other unstructured data in addition to confidential company data with the new AI Vector Search features—all without moving or duplicating any of this data. The business released a statement saying, “Oracle Database 23ai enhances the speed, efficacy, efficiency, and security of AI applications operating in real-time in Oracle databases by bringing AI algorithms right to the data storage location.
Chelliah further stated that every 28 days, the business launches new Cloud regions. Two more customer-facing Cloud regions were introduced by Oracle this year, bringing its total to 68. With infrastructure-as-a-service and software-as-a-service, Oracle’s cloud revenue for the third quarter came to $5.1 billion, up 24% in constant currency. In the same quarter, its total sales increased by 7% to $13.3 billion. The last day of Oracle’s fiscal year is May 31.
