Posted 3/16/2024, 7:05:00 AM
Oracle Cloud Soars on AI Demand, Projects to Have More Data Centers Than AWS, Azure and Google Combined
- Oracle's cloud infrastructure business is booming due to demand for AI, with revenue up 49% in latest quarter
- Oracle sees high demand from sovereign cloud customers due to advanced security features and its Alloy service
- Oracle believes it will end up with more data centers than AWS, Azure, and Google Cloud combined
- Oracle has close ties with Nvidia and its infrastructure is well-suited for AI workloads
- The company has a big backlog that shows demand is outpacing supply for its cloud offerings