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    Oracle’s AI strategy has evolved significantly from its early focus on data mining to becoming a key player in AI. Historically, Oracle concentrated on embedding machine learning (ML) into its products, particularly through the Autonomous Database and AI-driven applications, helping businesses detect potential performance drops or outages.

    In June 2024, the company announced the development of a new cloud service specializing in building and training large language models (LLMs). Collaborating with Cohere, a Toronto-based startup, Oracle’s founder and CTO, Larry Ellison, outlined how the company is enabling enterprise customers to easily train their own specialized LLMs while ensuring the privacy of their training data.

    Oracle is also revolutionizing its product development process by using GenAI tools to generate code, a move they claim accelerates application development and reduces security flaws.

    2024 AI-related highlights

    • Release of Oracle Cloud Infrastructure (OCI) GenAI services. Manages and integrates LLMs from Cohere and Meta Llama 2 into Oracle’s technologies (January 2024)
    • Enhances its Cloud Applications Suite with new generative AI features to improve decision-making and user experience. (Mar 2024)
    • Partners with Palantir to deliver secure AI and cloud solutions, enhancing data integration and decision-making. (Apr 2024)
    • Invests over $8bn in Japan to expand cloud computing and AI infrastructure over the next decade. (Apr 2024)
    • Partners with Reka to enhance generative AI innovation, utilizing OCI’s advanced AI infrastructure for multimodal models. (Apr 2024)
    • Enhances its Fusion Cloud CX with new AI features to boost sales, marketing, and service team efficiency. (Apr 2024)
    • Launch of Oracle Code Assist, an AI companion to help developers build applications faster (May 2024)
    • OpenAI, Microsoft, and Oracle team up to get more computing capacity to run ChatGPT (June 2024)
    • Unveils an AI-powered electronic health record system to enhance clinician efficiency and patient care. (Oct 2024)
    • Launches Oracle Analytics Intelligence for Life Sciences, an AI platform for streamlined healthcare insights. (Oct 2024)