Oracle Expands Partnerships with Google, Intel, Nvidia; Shares Rise as Much as 5%

Deep News03:11

Oracle announced that it will offer Google Tensor Processing Units (Google TPU) through Oracle Cloud Infrastructure (OCI), as part of a series of new and expanded partnerships unveiled by the company on Tuesday.

Oracle said this marks the first time Google TPU will be made available on a hyperscale cloud platform outside of Google. Google TPU on OCI is scheduled to launch in 2027 and will scale up gradually over subsequent years to meet customer demand.

Oracle plans to bring its applications into OpenAI's ChatGPT, further expanding the existing collaboration between the two companies.

Oracle also announced an agreement with Intel (ASX: INTC) to expand computing services on OCI based on Intel Xeon processors. Oracle (NYSE: ORCL) and NVIDIA (NASDAQ: NVDA) will use Vera Rubin to expand OCI superclusters. The company will partner with Snowflake (NYSE: SNOW) to expand native AI and data services on OCI.

Oracle is developing Oracle AI Workspace. Oracle will provide cloud services based on Cerebras Systems Inc. computers in its data centers.

Following the announcement, Oracle (NYSE: ORCL) shares rose as much as 5%; Alphabet (NASDAQ: GOOG) gained 1.4%, Intel (ASX: INTC) climbed 3.5%, NVIDIA (NASDAQ: NVDA) advanced 0.9%, Snowflake (NYSE: SNOW) added 1.5%, and Cerebras rose 8.7%.

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