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Investopedia
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15
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After Oracle (ORCL) reported fiscal fourth-quarter earnings that missed estimates and announced large cloud infrastructure deals with Microsoft (MSFT), OpenAI, and Alphabet's (GOOGL) Google Cloud, company executives joined the company's earnings call Tuesday to discuss the new partnerships, how artificial intelligence (AI) could drive growth for Oracle, and more.
Oracle announced a partnership with Microsoft and ChatGPT maker OpenAI to extend Azure Al to Oracle Cloud Infrastructure (OCI) to provide additional capacity for OpenAl.
The company reported that it already has 11 databases at Azure sites and has more locations with Microsoft "coming online soon."
Oracle Chief Technology Officer (CTO) Larry Ellison said the company is building "a very, very large data center" with "lots of Nvidia chips" for AI model training, noting that large data centers are necessary for complex AI training, especially as models' capabilities expand.
Ellison said alongside Microsoft and OpenAI, customers using Oracle's cloud infrastructure and data centers include Nvidia (NVDA), Google, and Elon Musk's xAI, among others.
The company also announced a multi-cloud partnership with Google. OCI and Google Cloud network interconnect were available on Tuesday in 10 regions, Oracle CEO Safra Catz told investors.
Oracle databases at Google Cloud are going live in September, giving customers direct access to Oracle database services running on OCI deployed in Google Cloud. Catz said the company will have 12 Oracle databases at Google Cloud sites live this year.
Amazon's (AMZN) AWS was not in the mix of Oracle's large cloud customers, but Ellison said the company "would love to do the same thing [as it's doing with Microsoft and Google] with AWS."
Catz underlined that Oracle expects revenue to continue to grow, fueled by the data center and cloud capacity required by advancing AI models.
Catz said she "expect[s] continued strong cloud demand to push Oracle Sales and RPO even higher and result in double-digit revenue growth this fiscal year," adding that "each successive quarter should grow faster than the previous quarter as OCI capacity increases to meet demand."
The CEO said the "current momentum will continue as our pipeline is growing even faster than bookings." She noted that fiscal 2025 cloud infrastructure services will grow faster than they did in fiscal 2024.
Oracle said that part of what sets it apart from competitors is that it can offer customers comprehensive data center services.
"Whatever the deployment model is, [Oracle's customers] don't have to compromise," Catz said, adding "some of our competitors may offer some level of sovereignty or some level of disconnected but they don't actually have all the services."She said that "the reason we've been so successful is whether it's disconnected or sovereign, the customer always gets everything—all services, not just some services, and they get to deploy it any way they want."
The CEO also highlighted that sovereignty "may be very critical" for government and some customers, which could set the company apart as organizations look for sovereign solutions to ensure data security.
Oracle shares were up around 9.4% at $135.55 in extended trading as of about 7:15 p.m. ET Tuesday following the company's earnings call.
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Instablog9ja
1 mth
11
Actress Etinosa has shared a piece of advice to her colleagues intending on going on podcasts. In a post shared on her Instastories, Etinosa said they should learn to have a plan of what to say to avoid saying things they would have to apologize for later.
She shared this post hours after her colleague, Yvonne Jegede, tendered a public apology to May, the estranged wife of actor, Yul Edochie, over her comments supporting his decision to pick a second wife.
Investopedia
1 mth
15
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Oracle (ORCL) reported fourth-quarter revenue and earnings that missed analysts' estimates, but announced large cloud infrastructure deals with Microsoft (MSFT), OpenAI, and Alphabet's (GOOGL) Google Cloud for artificial intelligence (AI) data centers, sending Oracle shares up over 9% in extended trading Tuesday.
Oracle reported revenue of $14.29 billion for the fiscal fourth quarter of 2024, up 3% from the year-ago period but below analysts' expectations, according to estimates compiled by Visible Alpha.
Net income came in at $3.14 billion or $1.11 per share, down from $3.32 billion or $1.19 per share in the same period a year prior, and also short of analysts' projections.
Oracle announced a partnership with Microsoft and ChatGPT maker OpenAI to extend Microsoft's cloud platform, Azure Al, to Oracle Cloud Infrastructure (OCI) to provide additional capacity for OpenAl.
"We are delighted to be working with Microsoft and Oracle. OCI will extend Azure's platform and enable OpenAI to continue to scale," OpenAI CEO Sam Altman said.
"In Q3 and Q4, Oracle signed the largest sales contracts in our history—driven by enormous demand for training AI large language models in the Oracle Cloud," Oracle CEO Safra Catz said, adding that she "expect[s] that each successive quarter should grow faster than the previous quarter—as OCI capacity begins to catch up with demand."
"In Q4 alone, Oracle signed over 30 AI sales contracts totaling more than $12.5 billion—including one with Open AI to train ChatGPT in the Oracle Cloud," Catz said.
The company also announced it "recently signed an agreement with Google to interconnect our clouds—and initially build 12 OCI datacenters inside the Google Cloud. We expect the Oracle database to be available within the Google Cloud in September this year."
Oracle shares jumped over 9% to $135.25 as of 4:50 p.m. ET in extended trading Tuesday following the announcement.
Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.comRead more on Investopedia
Instablog9ja
1 mth
10
Singer Portable’s wife and his 4th babymama have displayed how they are getting along with their respective roles in his life with a friendly bant.
Bewaji, Portable wife reacted to a post on social media made babymama Ashabi, as they engaged with each other in an amicable way.
Healthwatch
1 mth
28
It's never easy for parents to talk to their teens about having sex. Many parents feel that talking about it is the same as condoning it, so they are hesitant to do so. But according to the most recent Youth Risk Behavior Survey (YRBS), a national survey of high school students, by the end of high school 30% have had sex.
It can be impossible to know for sure if your teen has had sex. Even if they haven't, it's likely that at some point they will — and they need to have information to help keep themselves safe and healthy.
What parents should know about sexually transmitted infections
Sexually transmitted infections, or STIs, are very common. They may be caused by bacteria, viruses, or other microorganisms, and spread through all kinds of sex. While most STIs are treatable, they can affect fertility in both women and men, can cause health problems for a baby during pregnancy, and can sometimes lead to lifelong infection or serious complications. That's why teens need to know about them.
Below are the high-level facts about some of the most common infections: what causes them, what symptoms may occur, and how they are treated.
Chlamydia
Chlamydia is the most frequently reported bacterial STI in the United States — but just as many cases are asymptomatic, so the numbers may be higher than we realize.
Symptoms, if they are present, can include discharge from the vagina or penis, pain with urination, or pain and swelling of the testicles (this is rare). A test of the urine (or a swab from the affected area) can diagnose it, and it is curable with antibiotics. If left untreated it can lead to infertility, more commonly in women than men.
Gonorrhea
Gonorrhea is another STI caused by a bacteria, and it can also be asymptomatic. When symptoms occur, they are very similar to chlamydia. Gonorrhea also can cause infertility in both women and men. While it is treatable, some infections have been resistant to the usual antibiotics used, so additional testing and treatment is sometimes needed.
Trichomoniasis
Trichomoniasis is caused by a protozoa. It is another STI that can be asymptomatic. When there are symptoms, they are usually itch, irritation, and discharge. It is curable with medication.
Syphilis
Syphilis has been on the rise. In the first stage of infection there is usually a firm, round, painless sore where the infection entered the body. The sore is generally there for three to six weeks, but as it is painless it may go unnoticed.
In the second stage there is a more extensive rash, though it can be faint and go unnoticed, along with general feelings of illness such as fever, sore throat, fatigue, swollen lymph nodes, or weight loss.
If syphilis still goes unnoticed it can linger in the body for years, sometimes affecting organ systems, including the brain. It is curable with antibiotics, but if found late the damage it can do may be permanent. This infection can be very serious during pregnancy.
HSV
HSV (herpes simplex virus) causes blistering sores. There is both oral herpes (mouth sores) and genital herpes. Oral herpes, caused by HSV1, is not usually caused by sex — but it can lead to genital herpes through oral sex. Genital herpes is more commonly caused by HSV2.
The sores of herpes can recur throughout life. There is no cure for herpes, but there are medications that can shorten or prevent outbreaks. This infection can be particularly dangerous during pregnancy, although the risks can be managed with good prenatal care.
HPV
HPV (human papilloma virus) is the most common sexually transmitted infection. It can be transmitted even by close skin-to-skin touch, and infections are generally asymptomatic.
Most cases of HPV (90%) get better by themselves — but if they don't, over time the virus can cause genital warts or certain cancers. Luckily, there is an effective vaccine to prevent HPV that can be given starting at age 9.
HIV
HIV (human immunodeficiency virus) is more common among people who have other STIs — mostly because having STIs is a sign of risky sexual behavior. It can be very hard to know if a person has it, because the early symptoms can feel like having the flu, and then people can move into a long period of time of having no symptoms at all.
While there is no cure for HIV, there are medications to control it, as well as medications that can prevent it.
Talking to teens about preventing STIs
All of this sounds scary. But there are actually some simple things teens can do to prevent infections or minimize complications, which is why parents need to talk with them.
Teens can:
Make sure your teen sees their doctor regularly. And encourage them to be honest with their doctor during their visits. As a parent, you can help by giving your teen confidential time alone with the doctor.
Source: Harvard Health Publishing
Instablog9ja
1 mth
13
Reality TV star, Leo Da Silva, says he slept off on his Bachelor’s eve which he planned himself last week.
In a post shared on his X handle this morning, June 12, Leo wrote;
‘’I can’t believe I organized Bachelors eve for myself and my boys, I picked time and location.
Then I slept off. They tried waking me up but I would not get up.
Everyone went there to enjoy except me, the organizer.
Is this old age?”
