Oracle is intensifying its commitment to artificial intelligence, reporting $2.3 billion in AI-related expenditures for the fourth quarter of fiscal year 2024. This marks a significant increase from the previous year and sets the stage for a projected $16 billion investment in AI infrastructure throughout fiscal year 2025, effectively doubling its 2024 spending .
This surge in investment is driven by escalating demand for AI capabilities, particularly in training large language models. Oracle’s Cloud Infrastructure (OCI) has become a pivotal platform for AI workloads, attracting partnerships with industry leaders such as OpenAI and Meta .
In addition to these partnerships, Oracle is collaborating with Microsoft and Google to expand its multi-cloud offerings, enhancing its appeal to enterprises seeking flexible and scalable AI solutions .
The company’s strategic focus on AI is reflected in its financial performance, with cloud revenue expected to surpass $25 billion in fiscal year 2025. This growth trajectory underscores Oracle’s position as a formidable player in the AI and cloud computing sectors .
Stock market information for Oracle Corp. (ORCL)
- Oracle Corp. is a equity in the USA market.
- The price is 150.73 USD currently with a change of 5.23 USD (0.04%) from the previous close.
- The latest open price was 148.82 USD and the intraday volume is 11345977.
- The intraday high is 153.01 USD and the intraday low is 146.26 USD.
- The latest trade time is Saturday, May 3, 01:19:00 GMT.
Oracle Corporation Headquarters Picture on Flickr by Gregory Varnum
