Oracle Corporation (ORCL)

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Oracle teams up with Cohere to deliver powerful generative AI services for business
By: Investing.com | June 13, 2023

Oracle (NYSE:ORCL) announced plans to develop powerful, generative AI services for organizations, in collaboration with Cohere, a leading AI platform for enterprises. This collaboration aims to automate business processes, improve decision-making, and enhance customer experiences.

Leveraging Oracle Cloud Infrastructure (OCI) and Supercluster capabilities, the services will prioritize security, performance, and value.

"Only Oracle can offer a complete, end-to-end platform for generative AI, with advanced security, best-in-class data management, and a comprehensive portfolio of cloud applications able to address any business problem," said Clay Magouyrk, executive vice president, Oracle Cloud Infrastructure.

By integrating Cohere's models into Oracle's business applications, including Oracle Fusion Cloud Applications, Oracle NetSuite, and Oracle industry-specific applications, customers can quickly deploy generative AI to address their business challenges.

Oracle reported its Q4 earnings yesterday, with EPS and revenues coming in above the consensus estimates. Following the report, the company earned upgrades from several Wall Street firms, such as Goldman Sachs, Wolfe Research and CFRA.

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