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2024-12-11 14:34:36.AIbase

Oracle Joins Forces with Meta to Advance AI Cloud Services and Llama Model Collaboration

Oracle Joins Forces with Meta to Advance AI Cloud Services and Llama Model Collaboration

2024-10-25 09:15:17.AIbase

Apple to Launch Private AI Cloud Service, Offering a Million Dollar Reward for Finding AI Cloud Security Vulnerabilities!

Apple to Launch Private AI Cloud Service, Offering a Million Dollar Reward for Finding AI Cloud Security Vulnerabilities!

2024-06-12 11:09:14.AIbase

Oracle Expects Double-Digit Growth by Fiscal Year 2025, Driven by Strong AI Demand

American tech giant Oracle predicted on Tuesday that it will achieve double-digit revenue growth by fiscal year 2025, exceeding analysts' expectations, driven by strong demand for its AI cloud services. Following the announcement, the company's stock rose 9% after hours. Oracle also announced partnerships with OpenAI, the maker of ChatGPT, and Google Cloud to expand its own cloud infrastructure to clients.

Oracle Expects Double-Digit Growth by Fiscal Year 2025, Driven by Strong AI Demand

2023-08-11 09:34:45.AIbase

Alibaba Cloud CEO Zhang Yong: The Demand for AI Cloud Services is Very Strong, Incremental Opportunities are Just Beginning to be Released

Alibaba Group reported its financial results for the first quarter of the fiscal year 2024, with total revenue increasing by 14% year-on-year. Revenue from Alibaba's retail platforms Taobao and Tmall grew by 12% year-on-year. Alibaba Cloud's revenue for this quarter reached 25.123 billion yuan, a year-on-year increase of 4%.

2023-08-11 09:26:21.AIbase

Alibaba Cloud's Zhang Yong: Demand for AI Cloud Services is Very Strong, Incremental Opportunities are Just Starting to Unfold

Alibaba Cloud's revenue growth this quarter was driven by storage, networking, and AI computing-related products. Zhang Yong, Chairman and CEO of Alibaba Cloud Intelligence Group, stated that the demand for AI cloud services is very strong due to the model training and inference scenarios brought about by the new generation of artificial intelligence development. The transformation brought by AI technology marks the beginning of a new era, and Alibaba Cloud will continue to invest in the fields of IaaS, PaaS, and MaaS.