Oracle Rides Major Deals With OpenAI, Nvidia to Turn Around Cloud Business

Oracle, the enterprise software giant, is making a significant push into the cloud computing market, riding on major deals with OpenAI and Nvidia. Once a skeptic of cloud computing, Oracle's CEO, Larry Ellison, now sees it as a crucial part of the company's future. The deal with OpenAI, the artificial intelligence research company, will see Oracle provide the computing power and cloud infrastructure for OpenAI's powerful language models and AI systems. Additionally, Oracle has partnered with Nvidia, a leading provider of graphics processing units (GPUs), to offer Nvidia's technology as part of its cloud services. These partnerships are part of Oracle's broader strategy to bolster its cloud offerings and compete with industry leaders like Amazon Web Services and Microsoft Azure. The company is aiming to position itself as a major player in the rapidly growing cloud computing market, which has become increasingly important for businesses seeking scalable and flexible IT infrastructure.