Oracle says IT companies making ‘massive’ investments to adopt Generative AI solutions

IT companies have made “massive investments” to provide generative artificial intelligence (Gen AI) solutions to their clients, tech giant Oracle said on May 9, without disclosing the amount invested so far.

Addressing the media at its Data & AI forum, Oracle said it is the only hyperscaler that offers end-to-end solutions, encompassing software-as-a-service applications, AI services, data management, and infrastructure.

The comment comes at a time when IT companies are increasingly partnering with hyperscalers such as Amazon Web Services, Microsoft Azure, and Google Cloud to offer Gen AI solutions to their clients.

On April 6, Accenture and Oracle inked a pact to help clients accelerate generative AI adoption. Both the companies will leverage Oracle Cloud Infrastructure to help clients across industries move generative AI solutions from experimentation to adoption at scale.

“They (IT companies) are making massive investments with us. The likes of Accenture and others have made with us… (is) massive. They’re seeing it from the lens of their customers,” said Chris Chelliah, Oracle’s senior vice president for technology and customer strategy.

Hard-selling Oracle

Chelliah said only 30 percent of enterprises are on cloud so far because data has been stranded or “handcuffed” on-premises. And leveraging AI is impossible without enterprises being on the cloud.

Acknowledging the barriers of cloud adoption, he said enterprises have to rewrite everything. “That’s why they haven’t moved to the cloud, because it’s too risky, it’s too costly.”

In response, Oracle has built a cloud that will move data to the cloud without rewriting anything using Oracle Cloud Infrastructure.  He said business opportunities exist when the company facilitates these transitions.

“I’m an SI (system integrator). What do I do? Let’s move this over here and let’s turn on some AI services. That’s a business opportunity,” he said.

He emphasised that Oracle will never encroach into their customers’ domains. “We’re not a retailer. We’re not a media company. We’re not an advertising business. We don’t have payment gateways. We’re not in it to get into a particular industry or a particular business. And we have a track record of showing that.”

The underlying suggestion here was that client data, spanning various sectors, could potentially be utilised by other hyperscalers to develop proprietary models.

Also read: Oracle India unveils roadmap for cloud business after 50% YoY growth