Tag: Oracle

Oracle partners with Toronto-based AI startup, Cohere, to offer enterprise customers an alternative method to build generative AI apps using their own data. Cohere raised $270M in a series C funding round, with big tech names including NVIDIA, Salesforce Ventures, and SentinelOne. Oracle will be embedding Cohere's AI technology, and Cohere will use Oracle's cloud to train, build, and deploy its AI models. This partnership looks similar to Microsoft's investment in OpenAI, but Cohere is designed for enterprise customers, allowing them to use their own data to train their AI models without sharing it.

Oracle's strong earnings report has had a positive impact on AI-focused stocks like Palantir Technologies, C3.ai, Advanced Micro Devices, and Nvidia, with investors pleased to hear about the impact of AI on the company's cloud business. Mizuho Securities analysts have raised their price target on Oracle to $150, stating that investors are underestimating their growth potential. Adobe has also seen a rise of around 2%.

Oracle partners with Cohere to develop a new cloud service for large language models, allowing enterprise customers to train customized LLMs with data privacy and security.

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