Latest news with #OracleCloud
Techday NZ
2 days ago
- Business
- Techday NZ
Oracle Red Bull Racing adopts cloud suite to boost F1 operations
Oracle Red Bull Racing has chosen the Oracle Fusion Cloud Applications Suite in an effort to strengthen its finance and HR processes and support compliance with Formula One's fixed annual cost cap. The Formula One team will utilise Oracle Fusion Applications—covering finance, HR, and customer experience functionalities—to move away from manual spreadsheet-based systems, aiming to raise overall efficiency, manage costs, and provide better insights across its operations. Operational transformation Oracle Red Bull Racing has long made use of Oracle Cloud and artificial intelligence technology to guide its on-track strategies and decision-making. The latest move extends this approach to the operational side of the business, seeking to replicate sporting success through streamlined back-office processes. The team's legacy financial planning had become increasingly complex and dependent on spreadsheets, limiting visibility into business performance data. By implementing Oracle Fusion Applications, Oracle Red Bull Racing expects to merge its finance, HR, and customer experience data onto one integrated cloud-based platform. "With a fixed annual cost cap that we can't exceed, we need to make every resource go further and manage our operations as efficiently as possible. With Oracle Fusion Applications, we can take advantage of the cloud and latest advancements in predictive, generative, and agentic AI to optimize financial planning activities, accelerate business insights, and derive more value and performance from our operating budget," Matt Cadieux, Chief Information Officer at Oracle Red Bull Racing, said. AI and cloud benefits Officials say that Oracle Fusion Applications will enable the team to leverage AI-powered services for higher efficiency, faster decisions, and adaptability in an environment where response speed is crucial. Among the new tools coming online is Oracle Fusion Cloud Enterprise Performance Management (EPM)—a component of Oracle Fusion Cloud ERP. This toolset is expected to help Oracle Red Bull Racing raise visibility over business activities, refine its budgeting and planning processes, and better allocate resources according to priorities. In addition, Oracle Fusion Cloud Human Capital Management (HCM) is being brought into the team's HR activity. According to the company, the HCM system will provide granular insights into workforce performance, simplify core HR operations and payroll, streamline talent recruitment activities, and ultimately enhance the overall employee experience at the racing organisation. On the customer side, Oracle Red Bull Racing continues to rely on Oracle Fusion Cloud Customer Experience (CX). The CX solution is intended to provide a more personalised approach to fan engagement, including tailored content, exclusive rewards for members, and programming for fan loyalty. These efforts are part of the team's wider digital and audience engagement strategy. Supporting compliance and success "Speed, innovation, and efficiency are essential for success in Formula One. With Oracle Fusion Cloud Applications, Oracle Red Bull Racing will be able to embrace continuous innovation and AI-powered automation to support its finance and operations and drive even greater success on and off the track," said Steve Miranda, Executive Vice President of Applications Development at Oracle. The implementation of Oracle Fusion Cloud Applications Suite at Oracle Red Bull Racing will be managed by Oracle Consulting, while ongoing operational support will come from Oracle Customer Success Services. The Formula One team has cited the need to better control costs and efficiently manage operational spending due to the sport's strict cost cap rules. The cloud-based approach is designed to provide a consolidated view of data and operations, simplifying compliance efforts and supporting the drive for both competitive and operational gains. Oracle Red Bull Racing anticipates that the migration to Oracle Fusion Applications will aid not only in complying with financial regulations but also in improving the employee and fan experiences throughout the racing calendar.
Yahoo
20-06-2025
- Business
- Yahoo
Oracle opens new R&D centre in Morocco
US tech giant Oracle has launched a new research and development (R&D) centre in Casablanca, Morocco, to advance its cloud and AI technologies. The facility aligns with the company's agreement with the Moroccan Ministry of Digital Transition to enhance R&D capabilities in the country. It was inaugurated by Morocco's Government head, Aziz Akhannouch, and Digital Transition and Administration Reform Minister, Amal El Fallah Seghrouchni. The facility, equipped with advanced tools, leverages Oracle's cloud infrastructure, AI, and machine learning (ML) to create solutions for modern businesses and society, the company said. It spans seven floors, featuring an auditorium, restaurant, two gyms, meeting spaces, and prayer rooms. In a statement, Seghrouchni said: 'Establishing the Oracle R&D centre in Morocco reinforces that Morocco is a key player in digital innovation. 'It can compete with global powers thanks to its local talents, skilled youth, and a rapidly maturing ecosystem. Morocco asserts its technological leadership in support of its own development and that of the continent.' The centre, one of ten global Oracle R&D hubs, will employ 1,000 Moroccan IT professionals. Oracle added that it is engaging with top Moroccan institutions to recruit engineering graduates as interns, with 94% of eligible interns last year securing full-time R&D roles. Oracle executive vice president Craig Stephen said: 'Establishing a new Oracle R&D centre in Morocco reflects our commitment to innovation and inclusion—leveraging the country's growing tech talent and strategic location to build cutting-edge solutions for Africa, the Middle East, and beyond.' Beyond R&D, Oracle plans to establish two public cloud regions in Casablanca and Settat. These regions will provide enterprise cloud services to African organisations, enabling migration of critical workloads to Oracle Cloud Infrastructure while ensuring compliance with local regulations. The cloud regions will support modernisation of applications and innovation in AI, data, and analytics for enterprises, startups, universities, and investors across the region. In March 2025, Oracle committed to a $5bn investment over the next five years to enhance its AI-driven cloud services in the UK. This initiative aims to strengthen Oracle Cloud infrastructure in the UK and support the government's efforts to promote AI innovation and adoption across multiple sectors. "Oracle opens new R&D centre in Morocco" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Time Business News
20-06-2025
- Business
- Time Business News
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TIME BUSINESS NEWS
Al Bawaba
19-06-2025
- Business
- Al Bawaba
xAI's Grok Models are Now on Oracle Cloud Infrastructure
xAI has selected Oracle to offer xAI's Grok models via Oracle Cloud Infrastructure (OCI) Generative AI service for a wide range of use cases, including content creation, research, and business process automation. xAI will also leverage the scalability, performance, and cost efficiency of OCI's leading AI infrastructure to train and run inferencing for its next-generation Grok models. "Grok 3 represents a leap forward in AI capabilities and Oracle's advanced data platform will accelerate its impact on enterprises,' said Jimmy Ba, co-founder, xAI. 'This collaboration between xAI and Oracle is set to redefine enterprise-grade AI.' Founded in March 2023, xAI is at the forefront of AI innovation, building technologies that push the boundaries of human understanding. Grok 3, xAI's latest model, has reasoning capabilities refined through large-scale reinforcement learning with high performance in mathematics, coding, and universal understanding. To provide organizations with a path to strong data governance, management, and security, xAI models are augmented with OCI's enterprise-grade capabilities. In addition, all data sent by Oracle to Grok models is processed on zero data retention endpoints, offering an extra layer of protection. "By bringing xAI's cutting-edge Grok models to our customers, we are expanding the possibilities of AI in the enterprise,' said Greg Pavlik, executive vice president, AI and Data Management Services, Oracle Cloud Infrastructure. 'This partnership underscores our commitment to providing the most advanced AI solutions, giving organizations greater choice and flexibility in deploying the latest AI technologies.' Oracle brings leading-edge AI technology close to enterprise data and prioritizes security, adaptability, and scalability. This helps customers across industries apply the right AI technologies, including generative and agentic AI, to the right business scenarios for immediate results. In addition, thousands of AI innovators are leveraging OCI's cost-effective, purpose-built AI capabilities to run the most demanding AI workloads faster. OCI bare metal GPU instances can power applications for generative AI, natural language processing, computer vision, and recommendation systems. Windstream, a leading telecommunications service provider of advanced network communications and technology solutions, is exploring options to use xAI's multimodal models via OCI to create more fluid workstreams and empower its employees. 'In the fast-paced and ever-evolving landscape of telecommunications, there's no shortage of ways AI can benefit our business,' said Kaushik Bhanderi, senior vice president, Windstream. 'We think there could be real advantages to leveraging Grok models via OCI Generative AI service, integrating language comprehension and reasoning to propose meaningful actions.'
Gulf Business
18-06-2025
- Business
- Gulf Business
xAI's Grok models now available on Oracle Cloud infrastructure
Image: Oracle/ For illustrative purposes Oracle and xAI have announced a partnership that will bring xAI's Grok models to Oracle Cloud Infrastructure (OCI), enabling enterprise customers to deploy the advanced generative AI models via OCI's Generative AI service. The integration allows businesses to harness Grok's capabilities, ranging from content creation and research to complex business process automation, using Oracle's high-performance, scalable AI infrastructure. xAI will also use OCI to train and run inferencing for its next-generation Grok models, including the recently launched Grok 3. 'Grok 3 represents a leap forward in AI capabilities, and Oracle's advanced data platform will accelerate its impact on enterprises,' said Jimmy Ba, co-founder of xAI. 'This collaboration between xAI and Grok 3 supported by supported by OCI's enterprise-grade infrastructure Founded in 2023, 'By bringing xAI's cutting-edge Grok models to our customers, we are expanding the possibilities of AI in the enterprise,' said Greg Pavlik, EVP of AI and Data Management Services at Oracle Cloud Infrastructure. 'This partnership underscores our commitment to offering organisations greater flexibility and access to the most advanced AI technologies.' Oracle's AI infrastructure — including bare metal GPU instances — supports a broad range of demanding AI workloads such as generative AI, computer vision, and recommendation engines. Thousands of enterprises are already deploying Oracle's AI offerings to drive innovation and boost productivity. Telecom provider Windstream is among the early adopters exploring xAI's multimodal models via OCI to improve operational workflows. 'We think there could be real advantages to leveraging Grok models via OCI Generative AI service, integrating language comprehension and reasoning to propose meaningful actions,' said Kaushik Bhanderi, SVP at Windstream. The announcement further strengthens Oracle's AI ecosystem and expands xAI's reach into enterprise applications through a secure, scalable platform.
