Latest news with #OCIGenerativeAI
Business Insider
3 days ago
- Business
- Business Insider
Oracle Stock (ORCL) Soars as it Seals Gemini AI Deal With Alphabet
Oracle (ORCL) stock was higher today after striking a deal with Alphabet (GOOGL) over the use of Google's Gemini artificial intelligence models. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. It means that Gemini will now be offered through Oracle's cloud computing services and business applications. Corporate Tools Businesses that use Oracle's various applications for corporate finances, human resources and supply chain planning will now also be able to choose to use Google's models inside those apps. Those Oracle customers will be able to pay for the Google AI technologies using the same system of Oracle cloud credits they use to pay for Oracle services. The two companies did not disclose what, if any, payments will flow between them as part of the deal. The deal is similar to one that Oracle struck with Elon Musk's xAI back in June, and will let software developers tap Google's models to generate text, video, images and audio while using Oracle's cloud. Oracle plans to make Google's entire range of Gemini models available via the OCI Generative AI service through new integrations with Vertex AI, including cutting-edge models for video, image, speech, and music generation and specialized industry models like MedLM. In the future, Oracle will collaborate with Google Cloud to make Gemini models via Vertex AI available as an option within Oracle Fusion Cloud Applications, providing customers with an opportunity to enhance workflows in finance, HR, supply chain, sales, service, and marketing. AI Drive 'Oracle has been intentional in offering model choice curated for the enterprise, spanning open and proprietary models,' said Clay Magouyrk, president, Oracle Cloud Infrastructure. 'The availability of Gemini on OCI Generative AI service highlights our focus on delivering powerful, secure, and cost-effective AI solutions that help customers drive innovation and achieve their business goals.' For Oracle, the move advances the company's strategy of offering a menu of AI options to its customers rather than trying to push its own technology. It is already a huge player in the cloud services market. It's also a plus for Google as it looks to expand the reach of its cloud offerings and take corporate customers away from rivals such as Microsoft (MSFT). Is ORCL a Good Stock to Buy Now? On TipRanks, ORCL has a Moderate Buy consensus based on 24 Buy and 10 Hold ratings. Its highest price target is $325. ORCL stock's consensus price target is $244.66, implying a 1.11% downside.
Time of India
4 days ago
- Business
- Time of India
Google and Oracle partner to bring Gemini AI to Oracle Cloud customers
Oracle and Alphabet's Google Cloud have announced a new partnership wherein Google's Gemini AI models will be made available through Oracle's cloud services . This collaboration will allow software developers to use Google's AI models for generating text, video, images and audio directly on the Oracle Cloud infrastructure. 'Oracle and Google Cloud have expanded their partnership to offer customers access to Google's most advanced AI models, starting with Gemini 2.5, via Oracle Cloud Infrastructure (OCI) Generative AI service. Oracle customers can now utilize the latest Gemini models to build AI agents for a wide range of use cases including multimodal understanding, advanced coding and software development tasks, productivity and workflow automation, and research and knowledge retrieval,' Oracle said in a statement. Oracle also offers AI models by Elon Musk's xAI The latest deal is similar to a recent agreement Oracle made with Elon Musk's xAI. It provides Oracle's customers—including those using its applications for finance, HR and supply chain management—with the flexibility to integrate Google's AI models into their existing systems. 'Now, Oracle customers can access our leading models from within their Oracle environments, making it even easier for them to begin deploying powerful AI agents that can support developers, streamline data integration tasks, and much more,' said Thomas Kurian, CEO, Google Cloud. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Madhabpur Knee Pain Treatments Might Surprise You Knee Pain Treatment | Search Ads Undo A key benefit for Oracle's business customers is the payment process: they can pay for the Google AI technologies using their existing Oracle cloud credits. The financial details of the partnership between Oracle and Google were not disclosed. For Oracle, this move strengthens its strategy of offering a variety of AI options to its clients, giving them more choice rather than a single proprietary solution. 'The availability of Gemini on OCI Generative AI service highlights our focus on delivering powerful, secure, and cost-effective AI solutions that help customers drive innovation and achieve their business goals,' said Clay Magouyrk, president, Oracle Cloud Infrastructure. Goodbye, Frequent FASTag Recharges! NHAI Launches Annual Pass for Rs 3,000 AI Masterclass for Students. Upskill Young Ones Today!– Join Now
