Oracle unveils AI data platform to accelerate enterprise AI initiatives

LAS VEGAS - Oracle, a prominent player in the software industry with a market capitalization of $878 billion, announced on Tuesday the general availability of its AI Data Platform, designed to help enterprises connect generative AI models with their data, applications, and workflows securely. The company’s stock has shown remarkable performance, delivering an 86.67% return year-to-date.According to InvestingPro, Oracle maintains strong profitability with a gross margin of nearly 70%. For detailed insights and 18 additional ProTips about Oracle’s performance, subscribers can access the comprehensive Pro Research Report.

The platform combines automated data ingestion, semantic enrichment, and vector indexing with built-in generative AI tools to simplify the journey from raw data to production-grade AI applications. It leverages Oracle Cloud Infrastructure, Oracle Autonomous AI Database, and OCI Generative AI service capabilities.

"Oracle AI Data Platform enables customers to get their data ready for AI and then leverage AI to transform every business process," said T.K. Anand, executive vice president at Oracle.

The platform allows customers to create data lakehouses using open formats like Delta Lake and Iceberg, which helps eliminate data duplication. It includes a unified catalog for governance across data and AI assets, and supports AI agents with open standards such as Agent2Agent and Model Context Protocol.

Oracle AI Data Platform integrates NVIDIA accelerated computing infrastructure, enabling selection of the latest generation GPUs for high-performance workloads. The platform offers Zero-ETL and Zero Copy capabilities to connect to business application data across finance, HR, supply chain, and other departments.

Several global consulting firms have committed over $1.5 billion in investments toward the platform, including training for more than 8,000 practitioners and development of industry-specific use cases. This significant investment aligns with Oracle’s robust financial performance, as evidenced by its 9.67% revenue growth over the last twelve months.InvestingPro analysis indicates that Oracle is currently trading above its calculated Fair Value, with analysts setting price targets ranging from $175 to $415. Discover comprehensive valuation metrics and expert analysis in the Pro Research Report, available exclusively to subscribers.

Oracle plans to offer tailored versions of the AI Data Platform for major Oracle application suites including Fusion and NetSuite, as well as for specific industries such as healthcare, consumer goods, financial services, and construction.

The platform supports multicloud and hybrid cross-cloud orchestration, allowing customers to connect, process, and analyze data from various cloud, on-premises, and edge sources, according to the company’s press release statement.

In other recent news, Oracle has introduced its Oracle Cloud Infrastructure (OCI) Zettascale10, claiming it to be the largest AI supercomputer in the cloud with a peak performance of 16 zettaFLOPS. This system connects a vast number of NVIDIA GPUs across multiple data centers, forming multi-gigawatt clusters as part of the Stargate project in collaboration with OpenAI. Additionally, Oracle and Google Cloud have expanded their partnership, offering new services for Oracle Database@Google Cloud across eight regions globally, enhancing options for customers to utilize Oracle’s database technologies. Oracle has also unveiled its Oracle AI Database 26ai, integrating AI capabilities directly into its core database architecture, supporting a range of AI functionalities like Vector Search and analytics. Enhancements to Oracle Database@AWS have been announced, including new AI capabilities and procurement flexibility through AWS channel partners. Furthermore, Oracle plans to launch Multicloud Universal Credits, allowing customers to purchase Oracle services across various cloud platforms, aiming to simplify procurement processes. These developments reflect Oracle’s ongoing efforts to advance its cloud and AI capabilities across multiple platforms.

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