Oracle and Nvidia Partner for Better AI Computing Solutions in the Cloud – NVIDIA (NASDAQ: NVDA), Oracle (NYSE: ORCL)

  • Oracle Corp. ORCL and NVIDIA Corp. NVDA forged a multi-year partnership to help customers solve business challenges with accelerated computing and AI.
  • The partnership aims to bring the full NVIDIA accelerated computing stack, from GPUs to systems to software, to Oracle Cloud Infrastructure (OCI).
  • OCI has added tens of thousands of additional NVIDIA GPUs, including the A100 and upcoming H100, to its capacity.
  • Combined with OCI’s AI cloud infrastructure comprised of bare metal, clustered networking, and storage, this gives businesses a wide range of easily accessible options for AI training and inference. large-scale deep learning.
  • Safra Catz, CEO of Oracle, said, “Our expanded alliance with NVIDIA will bring the best of both companies’ expertise to help customers in all industries – from healthcare and manufacturing to telecommunications and financial services – overcome the multitude of challenges they face.
  • “Accelerated computing and AI are essential to address rising costs in all aspects of business operations,” said Jensen Huang, CEO and Founder of NVIDIA.
  • The United States has limited sales of high-performance server AI chips, the A100 and H100, to China and Russia.
  • However, it allowed exports, re-exports, and in-country transfers necessary for Nvidia’s continued development of the H100 ICs.
  • The United States aimed to restrict American exports of certain semiconductors and equipment, fearing that China could exploit them for military purposes.
  • Nvidia CEO Jensen Huang warned analysts that Chinese cloud companies were slowing down the construction of their data centers and that China was a “very big market” for the company.
  • Price action: NVDA shares traded down 0.90% to $118.59 pre-market when last checked on Wednesday.

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