Oracle in March announced new generative AI features embedded across applications in finance, supply chain, HR, sales, marketing, and service.
"Generative AI is basically the talk of the town right now," Rondy Ng, executive vice president of applications developement at Oracle, told CNBC.The AI boom — fueled by the launch of chatbot ChatGPT in November 2022 — is driving an increase in demand for cloud computing services and data centers, as large amounts of data are required in AI model training and the cloud provides access to vast datasets.
"So we combined the predictive numbering capability with the explained ability in words. So the two together become very powerful and you need both. In the past many years, the number prediction part is already very mature. As part of the product we continue to evolve that and it's not going to stop. Generative AI is basically the talk of the town right now," said Ng.embedded across applications in finance, supply chain, human resources, sales, marketing, and service.
As firms talked up the generative AI story last year, technology providers have to be one step ahead of the cycle,on April 17."They are bringing GenAI capabilities to existing products and services, as well as to use cases being identified by their enterprise clients."
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