Latest news with #CloudInfrastructure
CNBC
5 days ago
- Business
- CNBC
OpenAI says it will use Google's cloud for ChatGPT
OpenAI said Wednesday that it expects to use Google's cloud infrastructure for its popular ChatGPT artificial intelligence assistant. The reach for additional capacity aligns with OpenAI's desire for more computing power to meet heavy demand after initially relying exclusively on Microsoft for cloud capacity. The two companies' relations have evolved since then, with Microsoft naming OpenAI as a competitor last year. Both companies sell AI tools for developers and offer subscriptions to companies. OpenAI has added Google to a list of suppliers, specifying that ChatGPT and its application programming interface will use the Google Cloud Platform, as well as Microsoft, CoreWeave and Oracle. The announcement amounts to a win for Google, whose cloud unit is younger and smaller than Amazon's and Microsoft's. Google also has cloud business with Anthropic, which was established by former OpenAI executives. The Google infrastructure will run in the U.S., Japan, the Netherlands, Norway and the United Kingdom. Last year, Oracle announced that it was partnering with Microsoft and OpenAl "to extend the Microsoft Azure Al platform to Oracle Cloud Infrastructure" to give OpenAI additional computing power. In March, OpenAI committed to a cloud agreement with CoreWeave in a five-year deal worth nearly $12 billion. Microsoft said in January that it had agreed to move to a model of providing the right of first refusal anytime OpenAI needs more computing resources, rather than being its exclusive vendor across the board. Microsoft continues to hold the exclusive on OpenAI's programming interfaces. Sam Altman, OpenAI's co-founder and CEO, said in April that the startup, which draws on Nvidia graphics processing units to power its large language models, was facing capacity constraints. "if anyone has GPU capacity in 100k chunks we can get asap please call!" he wrote in an X post at the time. Reuters reported in June that OpenAI was planning to bring on cloud capacity from Google.
Forbes
25-06-2025
- Business
- Forbes
Four Ways Generative AI Can Boost Companies' Top Lines
Greg Pavlik, Executive Vice President, AI and Data Management Services, Oracle Cloud Infrastructure. Most discussions around enterprise AI have focused on how it cuts costs and streamlines processes, making people and systems more efficient. Of course, those are key potential benefits, but they just set the stage for what generative AI (GenAI) can do, not just in helping to save time and money, but in helping to build top-line revenue. GenAI models' ability to ingest and use structured and unstructured data means they can quickly deliver needed information to the right people. Employees can then apply their own expertise and human intelligence to the job at hand. It is that combination of artificial and human intelligence that can make the biggest difference in the enterprise. Boston Consulting Group (BCG) research found that more than half of CMOs surveyed expect to see at least 5% topline growth from their GenAI-related operations. Three out of 5 respondents said they will devote at least $10 million to AI and GenAI projects over the next three years. The first point to stress is that GenAI is still in its infancy. Over time, its value is anticipated to grow as it is used to analyze workflows, and the steps employees take to perform their jobs and assume more of their lowest level tasks. Corporate executives are witnessing this shift as AI agents are assigned routine operational activities, allowing their workforces to redirect attention toward higher-impact strategic initiatives. For example, Capgemini research indicates that 71% of organizations anticipate AI agents eliminating repetitive workloads, enabling talent to concentrate on value-creating activities. This aligns with the BCG projections of potential long-term productivity gains. Below are four use cases where businesses are seeing GenAI help drive more revenue and profitability. Healthcare providers are using AI to help employees concentrate on improving care instead of rote tasks. Clinicians can then spend more time with existing patients and perhaps see more cases, thus enabling improved care and potentially growing their client base. GenAI's ability to analyze vast datasets, detect trends and make predictions is invaluable for supporting proactive disease management, efficient resource allocation and evidence-based decision-making. When used strategically, GenAI can enhance everything from continuity of care, contracting, clinical operations and overall corporate functions, including purchasing and accounts payable. GenAI can suggest logical or even orthogonal 'upsell' and 'cross-sell' opportunities for a given type of business. If someone joins a gym, GenAI can post related products and services based on the user profile, such as dietary supplements, gym bags or sportswear. Likewise, a clothing retailer, knowing that a customer loves to roam the world, might offer travel-sized toiletries or containers—all potentially new revenue streams. While many organizations remain in the exploratory phase of GenAI, forward-thinking businesses already use it to help create entirely new ventures and thus enable new revenue. In one example, BCG cites a financial information provider that morphed its core business of selling financial data and analysis into a conversational insight-generation platform for clients. Those enhanced interactive services exposed an estimated $100 million of potential new revenue since they give clients more value than the traditional data feeds. The property insurance industry has faced uncommon challenges of late—dealing with flood and wildfire damage on a massive scale. In this sector, GenAI is proving to be particularly valuable as it can work with complex, unstructured data. In claims processing, for example, insurers are deploying advanced virtual claims assistants that are designed to automate document verification and processing, summarizing policy terms, coverage limits and supporting documents, speeding the claims review process for faster settlements. By off-loading routine and repetitive tasks from processors, actuaries and agents, GenAI can create space for insurance professionals to develop innovative policy structures. In this way, modernizing core systems with GenAI can help insurance firms proactively adjust to shifting regulations while providing better customer service. GenAI already helps insurance providers manage risk and other challenges in writing policies and handling claims. It can also spark the innovation needed to craft new types of policies or refactor existing coverage, which can help policyholders be protected and insurers stay in business. Job requirements are always changing. GenAI is an important tool for evaluating these adaptations and helping employees evolve to meet new needs. By integrating skills data with workforce and operational information, companies can leverage GenAI to nurture talent to boost long-term success. For example, a global professional services firm (and customer of Oracle) is encouraging its employees through coursework and mentoring to embrace AI to update their skills. In addition, it offers services to train large customers on the use of 'augmented intelligence,' which combines human and AI expertise to enable better results than either could achieve on its own. The combination of human and artificial intelligence is reshaping the way we work, complementing and enhancing employee capabilities. GenAI can be deployed to take on the repetitive and menial tasks, freeing up employees to focus on new, more complex or value-adding tasks. If Jane Doe now performs X, Y and Z jobs flawlessly, GenAI can assess how that skill set can be applied or enhanced to meet new requirements. By pinpointing training to boost her qualifications in related areas, Doe can become more valuable, and this proactive training may help boost her job satisfaction as well. People want to grow in their careers. GenAI, in what may seem paradoxical to naysayers, can help in that quest. Improving skill sets is good for the individual and the enterprise writ large. The Human-GenAI Dynamic Duo Regardless of how powerful the technology is, people and their knowledge remain the key asset of any business. I believe we should stop thinking about GenAI as a job killer and instead view it as a career enhancer that can help employees get productive in new areas, including the development of new products and services. Ultimately, it's the powerful human-AI combinations that can drive results for the enterprise. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
Time of India
04-06-2025
- Business
- Time of India
oracle: Nvidia overtakes Microsoft to become world's most valuable company
ADVERTISEMENT ADVERTISEMENT AI-chipmaker Nvidia redeemed its title as the most valuable company, surpassing the tech giant Microsoft. Nvidia shares rose about 3.4% on Tuesday, giving it a market value of about $3.45 trillion, higher than Microsoft's $3.44 last time Nvidia held the number one spot was on January 24. It's current share price is still 7.77% below the 52-week high of $153.13, seen in a week ago, Nvidia reported revenue of $44.1 billion for the first quarter ended April 27, up 12% from the previous quarter and up 69% from a year geopolitical and regulatory uncertainty due to Trump's tariffs, specifically around its H20 product line, the growth continues with dominance in AI and chip technology. Sales of H20 products were $4.6 billion for the first quarter of fiscal has underscored significant advancements in AI with a mission to produce up to half a trillion dollars of AI infrastructure in the next four April this year, ET reported that Nvidia will produce its artificial intelligence supercomputers in the United States for the first time. The chipmaker has made key investments in specialised Blackwell chips in Arizona and AI supercomputers in Texas with a manufacturing space of more than a million square feet,The California-based company's construction of supercomputer manufacturing plants in Texas-in collaboration with Foxconn is also following month, in May, the company introduced 'Stargate UAE'- a project that holds the vision to build the world's largest set of AI data centers outside the US. The first phase of the AI infrastructure cluster is in Abu Dhabi, UAE, alongside strategic partners OpenAI, Oracle , SoftBank Group and the latest earnings report, Nvidia has mentioned joint initiatives with Google to advance agentic AI solutions, robotics and drug also revealed the integration of Nvidia Blackwell cloud instances with AWS, Google Cloud, Microsoft Azure and Oracle Cloud Infrastructure. ET reported that Google Cloud be among the first to adopt Nvidia's GB300 NVL72 and RTX PRO 6000 Blackwell Server Edition GPUs.
TECHx
13-05-2025
- Business
- TECHx
Nutanix and Pure Storage Partner to Support Virtual Workload
Home » Tech Value Chain » Global Brands » Nutanix and Pure Storage Partner to Support Virtual Workloads Nutanix (NASDAQ: NTNX), a hybrid multicloud computing company, and Pure Storage (NYSE: PSTG), known for advanced data storage solutions, have announced a new partnership. The goal is to deliver a deeply integrated solution for managing virtual workloads on scalable, modern infrastructure. This collaboration comes at a time of major change in the virtualization market. Many enterprises are reviewing their virtual infrastructure strategies to increase efficiency and reduce costs. Gartner predicts that by 2028, 70% of large VMware customers will move 50% of their virtual workloads due to cost concerns. The joint solution integrates Nutanix Cloud Infrastructure, powered by the Nutanix AHV hypervisor and Flow networking and security, with Pure Storage FlashArray over NVMe/TCP. This combination is designed for data-rich environments, including AI applications. Customers will benefit from: A scalable, full-stack infrastructure combining Nutanix's virtual compute with Pure Storage's all-flash systems. Built-in cyber resilience through micro-segmentation, encryption, and disaster recovery tools. The solution gives IT teams a flexible and reliable alternative to existing platforms. It will be supported across major server hardware, including Cisco, Dell, HPE, Lenovo, and Supermicro. Expedient is an early design partner. Anthony Jackman, Chief Innovation Officer, said the partnership will enhance service quality and client experience. Tarkan Maner, Chief Commercial Officer at Nutanix, stated this will help customers modernize mission-critical applications. Maciej Kranz, GM at Pure Storage, added the solution is designed to meet the growing need for scalable, high-performance infrastructure. Cisco is also expanding its FlashStack offering with Pure Storage to include Nutanix. According to Cisco's Jeremy Foster, the new FlashStack will offer improved visibility and integration through Cisco Intersight. The solution is in development and expected to enter early access by summer 2025. General availability is planned for the end of 2025 through Nutanix and Pure Storage channel partners.
Yahoo
07-05-2025
- Business
- Yahoo
Oracle launches cloud solutions to power retail banking
Oracle has introduced new cloud services aimed at assisting retail financial institutions in modernising their lending and collections processes. The newly launched Oracle Banking Retail Lending Servicing Cloud Service and Oracle Banking Collections Cloud Service are designed to enhance operational efficiency and risk management for financial organisations. These services are now available and are expected to facilitate the delivery of 'innovative' services and pricing options to customers, while optimising loan servicing and streamlining collections. These offerings are part of Oracle's Banking Cloud Services portfolio, which encompasses various solutions including Digital Banking Experience, Banking APIs, Originations, Accounts, and Payments Cloud Services. The Oracle Banking Retail Lending Servicing Cloud Service features a "scalable' core product engine that enhances loan product management and operations. This service allows financial institutions to automate intricate business processes and obtain real-time insights, enabling them to provide new digital services that meet the changing demands of their customers. Additionally, it supports loan portfolio optimisation and risk assessment, which can contribute to improved profitability and competitiveness through customised pricing strategies. Simultaneously, the Oracle Banking Collections Cloud Service addresses the entire collections lifecycle and enhances the management of delinquencies. It offers extensive capabilities, configurable workflows, and automated processes, allowing financial institutions to refine their collections operations, implement borrower-focused strategies, and lower delinquency rates. The cloud-native and component-based services within the Oracle Banking Cloud Services portfolio are designed to help financial institutions modernise with reduced risk and achieve quicker returns on investment. These services can function independently or integrate with existing systems, allowing for rapid provisioning and availability. Furthermore, they feature automated patching and reduced disaster recovery switchover times, which can help decrease IT costs and operational burdens. The services leverage the security, performance, and scalability of Oracle Cloud Infrastructure. Oracle Financial Services executive vice president and general manager Sonny Singh said: 'We continue to deliver new innovations to our extensive portfolio of modular retail banking cloud solutions that empower financial institutions to evolve and improve critical operations in accordance with the demands and needs of their business.
