Oracle has announced a significant partnership with Palantir Technologies to advance cloud computing and artificial intelligence. Palantir’s Foundry Platform and Artificial Intelligence Platform are now certified on Oracle Cloud Infrastructure (OCI), available across Oracle’s cloud deployment options. This collaboration aims to accelerate AI initiatives for businesses and governments, revolutionizing the way organizations use data and AI technologies. The partnership extends to Oracle’s various cloud offerings, ensuring customers can leverage Palantir tools on OCI’s secure and efficient infrastructure.
Oracle’s unique position as the only hyperscaler delivering AI and a full suite of cloud services globally sets it apart in the market. The company’s sovereign cloud offerings meet strict regulatory and security requirements, enabling customers to fully benefit from cloud computing and AI technologies. The partnership with Palantir is a significant step forward in the AI and cloud computing landscape, promising to accelerate AI adoption while maintaining high security and compliance standards.
Oracle continues to expand its presence in AI, with recent enhancements to its Oracle APEX low-code development platform. The introduction of the APEX AI Assistant simplifies application development, enabling developers to build feature-rich applications at scale. Oracle’s AI ecosystem includes services like Oracle Digital Assistant and Oracle AI Services, making AI accessible for companies across industries.
To remain competitive in the AI market, Oracle has forged strategic alliances with industry leaders like SambaNova Systems and NVIDIA. These partnerships enhance Oracle’s AI capabilities, securing its position at the forefront of AI innovation. Oracle’s strategic integration of AI across its product line positions the company to play a key role in enterprise AI adoption.
The Zacks Consensus Estimate for Oracle’s fiscal 2025 revenue indicates year-over-year growth of 8.5%, with earnings also expected to grow by 10.4%. Oracle’s shares have gained 33.4% year-to-date, outperforming the Computer and Technology sector. Overall, Oracle’s collaboration with Palantir and strategic alliances demonstrate its commitment to advancing AI and cloud computing technologies.
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https://finance.yahoo.com/news/oracle-orcl-partners-palantir-accelerate-121200671.html
