Oracle has announced a new generative AI (GenAI) service across its cloud infrastructure. The service combines large language model (LLM) technology from Cohere and Meta, including Meta’s Llama 2

Oracle has stated that its GenAI service will support over 100 languages alongside improved GPU cluster management and flexibility in the fine tuning of Oracle’s AI making it tailored to customer needs. 

The GenAI service will address summarisation and semantic similarity tasks as well as generate large portions of text. Oracle also stated that the service will provide data driven decision-making support. 

Oracle’s customers will also have access to retrieval augmented generation techniques which will allow them to ingest their own data sets and information into Oracle’s AI, allowing for more accurate and niche internal response generation. 

“Oracle’s AI focus is on solving real-world business use cases to enable widespread adoption in the enterprise. To do this, we are embedding AI across all layers of the technology stack,” said Oracle’s senior VP of AI and data management Greg Pavlik. 

“Instead of providing a tool kit that requires assembling, we are offering a powerful suite of pre-built generative AI services and features that work together to help customers solve business problems smarter and faster,” Pavlik said. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Research and analysis company GlobalData forecasts the total AI market to be worth $909bn by 2030, achieving a compound annual growth rate of 35% between 2022 and 2030. 

GlobalData also predicts that companies will begin to explore open-source language models in controlled private cloud infrastructure, allowing companies to both invest in training models using their own data whilst protecting intellectual property. 

As GenAI becomes more widespread, GlobalData forecasts that there will be a greater consumer expectation to customise the AI models to individual needs and use cases. 

In a 2023 survey conducted by GlobalData, around 20% of businesses stated that they already had a moderate level of AI adoption into their workflows.