Oracle Boosts AI Investments in India, Launches Oracle Database 23ai
Oracle, the Texas-based technology major, is ramping up its investments in artificial intelligence (AI) in India, emphasizing its commitment to helping enterprises scale AI and generative AI (GenAI). This strategic move aligns with Oracle’s broader global ambition to expand its AI offerings and solidify its leadership in AI-driven technologies.
During the Oracle Data and AI Forum held in Bengaluru, Chris Chelliah, Senior Vice President of Technology and Customer Strategy for Oracle Japan and Asia Pacific, underscored Oracle’s dedication to integrating AI across all layers of its technology stack, from software as a service (SaaS) applications to AI services, data, and infrastructure. Chelliah highlighted that Oracle is focused on empowering enterprises with transformative AI solutions to drive innovation and efficiency.
The recent launch of Oracle Database 23ai marks a significant milestone in Oracle’s journey towards AI integration. The release features Oracle AI Vector Search, along with over 300 additional major features designed to simplify AI usage with data, accelerate application development, and support mission-critical workloads. Oracle Database 23ai enables real-time AI processing within Oracle databases, providing enhanced effectiveness, efficiency, and security by bringing AI algorithms directly to where the data resides.
Juan Loaiza, Executive Vice President of Mission-Critical Database Technologies at Oracle, hailed the new release as a game-changer for enterprises worldwide, emphasizing its breakthrough AI capabilities. Consequently, Oracle has renamed the release to Oracle Database 23ai to highlight its focus on AI technology.
Oracle’s strong commitment to AI is also evident in its financial performance. The company reported Q3 cloud revenue, including infrastructure as a service (IaaS) and SaaS, of $5.1 billion, marking a 24% increase in constant currency. Total revenue grew by 7% in constant currency to $13.3 billion. Oracle’s financial year ends on May 31.
In line with its global expansion strategy, Oracle plans to invest approximately $10 billion in data center expansion. With 68 customer-facing cloud regions already in operation, Oracle added two more regions this year.
Oracle's focus on India’s AI landscape, combined with its launch of Oracle Database 23ai, reflects its ambition to empower enterprises with state-of-the-art AI capabilities. These strategic investments aim to pave the way for transformative innovation and growth in the digital era, reinforcing Oracle's position as a leader in AI-driven technologies.
