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Oracle Gains as Cloud Infrastructure Business Sees AI Boost

iTnews

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Details

Date Published
13 June 2024
Priority Score
2
Australian
Yes
Created
10 Mar 2025, 10:27 pm

Description

Demand up for relatively low-cost cloud services.

Summary

The article highlights Oracle's significant market growth attributed to increased demand for its cloud infrastructure services powered by AI applications. This development underscores the economic impact of integrating AI into cloud services, reflecting broader trends in technological adoption. However, the article does not delve deeply into potential safety concerns or catastrophic risks associated with AI advancements. Its primary focus is on the financial and market implications rather than governance or safety frameworks related to AI. There is limited relevance to Australian policy specifics beyond being published in an Australian context.

Body

(ROracle shares jumped nine percent as investors cheered a boom in demand for the company's relatively low-cost cloud infrastructure services from artificial intelligence applications. If the gains hold, the company will add about US$30 billion to its market valuation of US$340 billion as of ... Hi! You've reached one of our premium articles. This is available exclusively to subscribers. It's free to register, and only takes a few minutes. Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox. Register now Already have an account? Log in to read this article.