The Oracle Effect

Oracle is unlike any other hyperscalers (AWS, Microsoft Azure and Google Cloud) in the world. It is on a mission to democratise the cloud – “Cloud should be open,” said Larry Ellison, at Oracle CloudWorld 2023, recalling his meeting with Microsoft chief Satya Nadella earlier this month, where it looks to accelerate cloud transformation.

It’s only a matter of time before AWS and Google Cloud also join, making them the NVIDIA of Cloud. “It’s not a matter of if; it’s a matter of when it’s going to happen,” said SVP of Oracle Cloud Infrastructure, Karan Batta, in an exclusive interaction with AIM, at Oracle CloudWord 2023, Las Vegas. “I think it’s inevitable that we will support other clouds. We’re happy to have that conversation.”

Besides its multi-cloud gamble, Oracle is on a mission to disrupt generative AI in enterprise applications (in collaboration with Cohere, NVIDIA, Ampere, etc.), alongside reimagining healthcare globally. With this in the backdrop, the company has set a new ambitious goal of becoming a $65 billion company in the next three years – i.e. adding $15 billion more from its latest earnings report.