""There are going to be a lot of changes in AI technology over the next few years and we must remain agile in response to those changes," he wrote."
""We will continue to buy the latest GPUs from Nvidia, but we need to be prepared and able to deploy whatever chips our customers want to buy," Mr Ellison declared in a policy he called "chip neutrality"."
Oracle reported $16.06bn revenue for the three months ended in November, below analysts' $16.21bn projection. Revenue grew 14% year-over-year, driven by a 68% increase in sales at Oracle Cloud Infrastructure (OCI). OCI services major AI developers whose demand for Oracle's AI infrastructure helped shares reach new highs earlier this year. Oracle signed a September agreement with OpenAI for $300bn in computing power over five years. Shares fell more than 10% in after-hours trading and have lost about 40% since peaking three months ago, though they remain up over a third year-to-date. Chairman Larry Ellison urged agility amid rapid AI changes and promoted a "chip neutrality" policy. The company faces scrutiny over potential circular financing in some AI infrastructure arrangements.
Read at www.bbc.com
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