Oracle has recently unveiled a major upgrade to its corporate software lineup. The latest move sees the incorporation of generative artificial intelligence (AI) features across its suite of software offerings, intensifying its competition with industry giant Microsoft and other tech firms vying for dominance in the business software sector (via Reuters).
Oracle Adds New AI Features
Oracle, a key player in cloud-based software solutions, announced on Thursday its strategic implementation of AI features aimed at streamlining various business processes.
These additional features are designed to assist users in tasks ranging from generating reports to summarizing complex data and even drafting job descriptions. This proactive step highlights Oracle's dedication to providing efficient solutions for businesses relying on its software for finance, supply chain management, and human resources functions.
Despite entering the cloud computing market relatively later than some competitors, Oracle has made substantial investments to bridge the gap. With a focus on catching up to corporate software rivals such as Microsoft, Oracle has allocated significant resources, including billions of dollars in Nvidia chips and strategic partnerships with AI startups like Cohere.
Oracle's Expanding AI Capabilities
What sets Oracle's AI system apart is its tailored approach to specific tasks, with approximately 50 identified features optimized for various functions. These include writing product descriptions based on inventory data and summarizing lengthy negotiations with suppliers.
However, to maintain accuracy and mitigate the risks associated with AI-generated content, Oracle emphasizes the necessity of human oversight in reviewing the output before finalization.
Steve Miranda, Executive Vice President of Applications Development at Oracle, highlighted the controlled rollout of the AI features, underscoring the company's commitment to addressing potential issues. Miranda emphasized that Oracle does not plan to charge extra for these innovative features, signaling a customer-centric approach to technology adoption.
Earlier this month, Oracle made headlines with the announcement of the general availability of the Oracle Cloud Infrastructure (OCI) Generative AI service.
This service integrates large language models from Cohere and Meta Llama 2, offering multilingual capabilities and improved GPU cluster management options. Customers can leverage OCI Generative AI service both in the Oracle Cloud and on-premises, further expanding its accessibility and applicability.
In Other News
In parallel developments, Microsoft is set to release AI tools on April 1 aimed at enhancing cybersecurity operations.
The introduction of Microsoft's Copilot for Security, which has been undergoing trials with corporate partners like BP Plc and Dow Chemical Co, underscores the broader industry trend of incorporating AI into critical business functions.
As Oracle and Microsoft vie for market dominance through their AI-driven solutions, businesses stand to benefit from an array of innovative tools designed to streamline operations and bolster cybersecurity defenses.
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