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.
New York Attorney General Letitia James announced a lawsuit against PepsiCo Inc. on Wednesday, accusing the soda-and-snack food giant of polluting the environment and endangering public health after its single-use plastics were found along the Buffalo River.
Voting on a tentative contract agreement between General Motors and the United Auto Workers union that ended a six-week strike against the company appears too close to call after the latest tallies at several GM factories were announced Wednesday.
Microsoft is partnering with Warner Brothers for the film Wonka to release a limited edition Xbox series X that looks like one of Willy Wonka's famous chocolate bars.
Google CEO Sundar Pichai was back in court Tuesday to testify in an antitrust trial that accuses the company of running an illegal monopoly on its Android apps.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.