Oracle and Palantir Join Forces to Boost AI Adoption!

  • Editor
  • July 11, 2024
    Updated
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Key Takeaways

  • Oracle-Palantir Partnership: New collaboration enhances AI capabilities and cloud infrastructure.
  • Broad Deployment: Palantir’s AI tools are now integrated with Oracle’s diverse cloud offerings.
  • Market Impact: Oracle’s stock performance reflects strong market confidence.

Oracle has announced a collaboration with Palantir Technologies, marking advancements in cloud computing and artificial intelligence (AI).

The tech giant revealed that Palantir’s Foundry Platform and Artificial Intelligence Platform (AIP) have been certified on Oracle Cloud Infrastructure (OCI) and are now generally available across all of Oracle’s distributed cloud deployment options.

This partnership leverages Oracle’s robust distributed cloud, AI infrastructure, and sovereign AI capabilities with Palantir’s renowned AI and decision acceleration platforms.

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The collaboration is expected to empower businesses and governments to expedite their AI initiatives, potentially transforming how organizations harness data and AI technologies.

The certification of Palantir’s Foundry and AIP on OCI extends across Oracle’s diverse range of cloud offerings, including public cloud regions, OCI Dedicated Regions, Oracle Alloy, Oracle EU Sovereign Cloud, Oracle Government Cloud, Oracle Roving Edge, and the company’s air-gapped regions designed for defense and intelligence customers.

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This comprehensive deployment strategy ensures that customers can leverage Palantir’s tools while benefiting from OCI’s efficient, high-performance, and secure compute infrastructure.

Year-to-date, shares of Oracle have gained 33.4%, outpacing the Zacks Computer and Technology sector’s growth of 29.5%. Oracle’s unique position as the only hyperscaler capable of delivering AI and a full suite of more than 100 cloud services across dedicated, public, and hybrid cloud environments globally sets it apart in the market.

The company’s sovereign cloud offerings are designed to meet stringent regulatory, security, and performance requirements, allowing customers to exploit the benefits of cloud computing and AI technologies fully.

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This partnership between Oracle and Palantir represents a forward step in AI adoption across various sectors while maintaining high standards of security and compliance.

Oracle continues to expand its AI footprint, as evidenced by recent enhancements to its Oracle APEX low-code development platform. The introduction of the APEX AI Assistant simplifies application development and enables developers to create feature-rich and mission-critical applications at scale rapidly.

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Oracle’s AI ecosystem also includes sophisticated services like the Oracle Digital Assistant, which facilitates the creation of conversational interfaces for applications, and Oracle AI Services, offering pre-trained models for various tasks, including language recognition, image analysis, and anomaly detection.

These tools demonstrate Oracle’s focus on making AI accessible and practical for businesses across different sectors.

The Zacks Consensus Estimate for Oracle’s fiscal 2025 revenues is pegged at $57.45 billion, indicating year-over-year growth of 8.5%. The consensus mark for fiscal 2025 earnings is pegged at $6.14 per share, down by a penny in the past 30 days. The figure indicates year-over-year growth of 10.4%.

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Oracle has forged strategic partnerships with industry leaders to counter competition from Amazon and Microsoft and maintain its competitive edge in the fast-paced AI market.

Collaborations with SambaNova Systems for AI hardware and NVIDIA for GPU-accelerated AI computing are set to enhance Oracle’s AI capabilities in the near term, ensuring the company’s position at the forefront of AI innovation.

For more news and trends, visit AI News on our website.

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Dave Andre

Editor

Digital marketing enthusiast by day, nature wanderer by dusk. Dave Andre blends two decades of AI and SaaS expertise into impactful strategies for SMEs. His weekends? Lost in books on tech trends and rejuvenating on scenic trails.

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