Oracle to deploy billions in Nvidia chips
Oracle, the cloud computing giant, is set to invest billions of dollars in NVIDIA chips as part of its strategic plan to enhance the capabilities of its cloud services with cutting-edge AI technology.
Oracle, a leading player in the cloud computing industry, has recently revealed its ambitious plans to bolster its cloud services through a substantial investment in Nvidia's AI chips. By committing "billions" to acquire and integrate these cutting-edge AI chips into their infrastructure, Oracle aims to leverage the power of artificial intelligence to enhance the performance and efficiency of its cloud offerings.
Oracle to deploy billions in Nvidia chips
During a recent Ampere event, Oracle's Chairman, Larry Ellison, announced the company's strategic plans to capitalize on the AI hype by investing in Nvidia's highly-anticipated AI GPUs for their cloud services. Apart from Nvidia, Oracle also intends to acquire CPUs from Ampere and AMD, demonstrating its determination to compete vigorously in the market. Surprisingly, the company ruled out Intel from its future plans, citing that the Intel x86 architecture has become outdated and reached its limitations.
Instead, Oracle is keen on building a strong partnership with AMD and Ampere, a move that marks a significant shift in their longstanding association with Intel dating back to 2008. This transformative approach is driven by Oracle's pursuit of establishing a stronger presence in the fiercely competitive cloud computing market, where it aims to close the gap with industry leaders like Amazon and Microsoft. The company's recent record-breaking revenue of $50 billion in the fiscal year of 2023 underscores its confidence in the superiority of its cloud offerings over its rivals.
