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Oracle’s Larry Ellison drops bombshell on AI game changer with Cohere in earnings call!

Oracle’s Larry Ellison drops bombshell on AI game changer with Cohere in earnings call!

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Oracle partners with Cohere to develop cloud service for large language models (LLMs)

Oracle Corp. confirmed on Monday that it is working with Toronto-based startup Cohere to develop a cloud service for large language models (LLMs). The service will allow enterprise customers to train their own customized LLMs using private data while protecting data privacy and security. This partnership is not new: Oracle invested in Cohere’s $270 million Series C funding round in June 2021. Oracle’s own application development teams are already using the Cohere AI cloud service running on Oracle Cloud Infrastructure (OCI) and have fine-tuned and extended LLMs for medical professionals and first responders. The new service will enable highly trained professionals to use their time more efficiently, according to Oracle’s founder and chief technology officer, Larry Ellison.

Oracle’s experience in the world of AI

Although the new service with Cohere is Oracle’s first official foray into the world of LLMs, Oracle itself has vast experience in AI. Adept AI Labs is among the vendors that have publicly revealed that they use Oracle Cloud for training LLMs. Oracle also has a cloud AI partnership with Nvidia that includes Nvidia GPU hardware and Nvidia’s use of the Oracle Cloud to aid ongoing AI development. Ellison emphasized during the earnings call that Cohere is using Oracle Cloud for LLM training, and that Oracle has an edge over competitors as it has more experience and expertise in securely and efficiently handling large amounts of data. Ellison revealed that Oracle’s generative AI cloud customers have recently signed contracts to purchase over $2 billion of capacity in the Gen2 Cloud, which is already a multi-billion dollar business for AI workloads.

The competition

In the generative AI space, Oracle trails the dominant cloud providers, including AWS, Google, and Microsoft, each of which has its own suite of generative AI services and models.

Transform 2023: the upcoming event for AI integration and optimization

At this year’s Transform 2023 event, top executives will share how they have integrated and optimized AI investments for success, avoiding common pitfalls. The event takes place in San Francisco on July 11-12.

Conclusion

Oracle, with its vast experience and expertise in handling large amounts of data, is partnering with Cohere to develop a new AI cloud service for LLMs. Though Oracle is a relatively new player in the LLM market, the company has established cloud partnerships with Adept AI Labs and Nvidia for generative AI services and has secured more than $2 billion in capacity in the Gen2 Cloud. The Transform 2023 event in San Francisco in July will explore how to integrate and optimize AI investment for success.

FAQs

What does Oracle’s partnership with Cohere entail?

Oracle and Cohere are developing an AI cloud service for training large language models. The service will enable enterprise customers to train their own customized LLMs with private data while maintaining data privacy and security.

How does Oracle’s experience in AI compare to that of other cloud vendors?

Oracle has significant experience in handling large amounts of data securely and efficiently. Oracle’s cloud AI partnerships with Adept AI Labs and Nvidia and the recent purchase of capacity in the Gen2 Cloud demonstrate the company’s expertise in the field. However, AWS, Google, and Microsoft are considered the dominant cloud providers, each with its own suite of generative AI services and models.

What is Transform 2023?

Transform 2023 is an event in San Francisco allowing top executives to share their approaches to integrating and optimizing AI investments for success and avoiding common pitfalls. The event takes place on July 11-12, 2023.

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