By Stephen Nellis
In an exciting development, technology giant Oracle has announced the integration of revolutionary generative artificial intelligence (AI) features into its lineup of corporate software. This move intensifies Oracle’s competition with industry giants like Microsoft as they strive to provide cutting-edge AI technology to business customers.
Oracle’s cloud-based software solutions play a vital role in various aspects of business operations, including finance, supply chain management, and human resources. With the introduction of these new AI features, Oracle aims to enhance productivity by generating reports, summarizing complex data, drafting job descriptions, and performing other essential tasks for business professionals.
As a late entrant into the cloud computing market, Oracle recognizes the importance of these features in catching up to established corporate software rivals such as Microsoft. Notably, Microsoft’s “Copilot” AI features are also vying for attention among businesses. To bolster its AI capabilities, Oracle has made significant investments in Nvidia chips and formed a partnership with Cohere, an AI startup founded by former Google employees.
A Focus on Tailored AI
Unlike consumer applications like ChatGPT, where users interact directly with a chatbot, Oracle has fine-tuned its AI system to handle approximately 50 distinct tasks. From drafting product descriptions based on inventory data to summarizing lengthy price negotiations with suppliers, the AI system is designed to navigate specific business requirements. However, before the AI-generated information is finalized, it undergoes a review process by human employees to ensure accuracy and reliability.
Steve Miranda, Oracle’s Executive Vice President of Applications Development, highlights the company’s approach as a solution to the challenges often associated with current AI technology. By avoiding the risk of inaccurate information, Oracle provides productivity enhancements while maintaining quality standards. Miranda expressed confidence in the company’s ability to swiftly bring these refined AI use cases to market, paving the way for valuable customer feedback and improvement.
Importantly, Oracle has no plans to charge extra for these new AI features, signaling its commitment to delivering enhanced value to customers without additional financial burdens.
FAQs
1. How is Oracle incorporating AI into its corporate software lineup?
Oracle is integrating generative artificial intelligence features across its cloud-based software solutions, aimed at boosting productivity and efficiency for business users.
2. How does Oracle plan to compete with Microsoft in the AI technology market?
Oracle is investing heavily in AI technology by partnering with Cohere, an AI startup, and utilizing Nvidia chips to bolster its AI capabilities. These efforts reflect Oracle’s commitment to catching up with established rivals like Microsoft.
3. How does Oracle ensure the accuracy of AI-generated information?
Before AI-generated information is finalized, it undergoes a review process conducted by human employees to ensure accuracy and reliability.
4. Will Oracle charge extra for the new AI features?
No, Oracle has confirmed that it will not impose additional fees for these cutting-edge AI features, demonstrating its commitment to providing value and affordability to customers.
Source: reuters.com
FAQs
1. How is Oracle incorporating AI into its corporate software lineup?
Oracle is integrating generative artificial intelligence features across its cloud-based software solutions. These AI features aim to enhance productivity and efficiency for business users by generating reports, summarizing complex data, and performing other essential tasks.
2. How does Oracle plan to compete with Microsoft in the AI technology market?
Oracle is investing heavily in AI technology to compete with Microsoft and other industry rivals. They have formed a partnership with Cohere, an AI startup, and have made significant investments in Nvidia chips to strengthen their AI capabilities.
3. How does Oracle ensure the accuracy of AI-generated information?
Before AI-generated information is finalized, it goes through a review process conducted by human employees. This ensures that the information produced by the AI system is accurate and reliable.
4. Will Oracle charge extra for the new AI features?
No, Oracle has confirmed that they will not impose additional fees for the new AI features. They are committed to providing value and affordability to their customers.
Definitions:
– Artificial intelligence (AI): The simulation of human intelligence in machines that are programmed to think and learn like humans, allowing them to perform tasks that typically require human intelligence.
– Cloud-based software solutions: Software that is accessed and run over the internet, instead of being installed directly on a user’s computer or local network.
– Generative artificial intelligence: AI systems that can generate or create new content, such as reports or summaries, based on patterns and data.
– Nvidia chips: Graphics processing units (GPUs) designed by Nvidia, used for accelerating artificial intelligence and deep learning tasks.
– Cohere: An AI startup focused on natural language understanding and developing AI models for various applications.
Suggested related links:
– Oracle
– Microsoft
– Nvidia
The source of the article is from the blog bitperfect.pe