Oracle Enters Expensive Cloud 'Arms Race' with New Data-Center Expansion Plan
Oracle is stepping up its efforts in the race to conquer the cloud. Steve Daheb, Senior Vice President at Oracle Cloud, was with us to explain the company's latest strategy to take on big cloud players such as Amazon and Microsoft.
Oracle recently announced it was expanding automation beyond the database to make all Oracle cloud platform services 'self-driving.' Oracle is applying A.I. and machine learning to its entire next-generation Cloud Platform services. Daheb breaks down how this will give Oracle an edge against Amazon, Microsoft, and other competitors.
Oracle also announced plans to quadruple its giant data-center complexes over the next two years. This could be a costly project. Daheb explained the company's strategy as it enters the expensive cloud arms race.
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
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