The company has been gaining traction in its effort to become a major player in the business of cloud computing by targeting clients focused on artificial intelligence work. — Bloomberg
NEW YORK: Oracle Corp has projected cloud infrastructure sales will jump more than 70% in the fiscal year that began this month, boosting shares in late trading on investor enthusiasm for the closely watched business.
The company, long known for its database software, has been gaining traction in its effort to become a major player in the business of cloud computing – renting out computing power and storage – by targeting clients focused on artificial intelligence (AI) work.
