Oracle has certified Palantir Technologies Inc.’s Foundry and AIP on Oracle Cloud Infrastructure (OCI), enhancing AI capabilities for enterprises and governments. The collaboration aims to meet compliance, performance, and security demands for AI deployments. Palantir’s platforms will now benefit from OCI’s distributed cloud infrastructure, enabling customers to scale AI operations while meeting security requirements. Oracle is the only hyperscaler to offer AI and 100+ cloud services in dedicated, public, and hybrid cloud configurations worldwide.
Oracle announced the general availability of HeatWave GenAI, a feature simplifying generative AI applications, and committed to investing $1 billion in Spain’s technology growth. Analyst firms noted Oracle’s strong performance in cloud infrastructure bookings, with BMO Capital Markets, Mizuho, and Deutsche Bank raising their price targets on Oracle stock. Oracle’s partnerships with OpenAI and Google Cloud aim to expand its cloud infrastructure offerings to a broader customer base.
Oracle’s market capitalization stands at $399.68 billion, reflecting its significant presence in the software sector. The company’s revenue for the trailing twelve months reached $52.96 billion, growing 6.02% over the period. Data from InvestingPro shows that Oracle has increased its dividend for 10 consecutive years, and 13 analysts expect positive earnings growth for the next period. InvestingPro offers more tips on Oracle’s financials and market performance, with a discount available for annual Pro subscriptions using the code News24.
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https://www.investing.com/news/company-news/palantir-ai-platforms-now-certified-on-oracle-cloud-infrastructure-93CH-3512261
