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Artificial intelligence
Published June 16, 2023 6:30am EDT


ORACLE ANNOUNCES NEW GENERATIVE AI SERVICES FOR BUSINESSES


ORACLE ANNOUNCED THE PARTNERSHIP WITH COHERE ON GENERATIVE AI TOOLS FOR
BUSINESSES THIS WEEK

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By Eric Revell FOXBusiness
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ORACLE’S STOCK PRICE SURGE IS MORE THAN A ‘SUGAR HIGH’: ADAM JOHNSON

Bullseye American Ingenuity Fund portfolio manager Adam Johnson joined ‘Varney &
Co.’ to discuss the U.S. stock market as the Federal Reserve shifts to a hawkish
tone. 

Oracle announced this week that it will offer generative artificial intelligence
(AI) services to enterprise customers around the world built on Oracle’s cloud
computing infrastructure through a new partnership.




Oracle will partner with Cohere, an AI startup based in Canada that helps
companies build AI tools with its large language models (LLM). Under the
partnership, Cohere will train, build and deploy generative AI models on the
Oracle Cloud Infrastructure, which the company says will help accelerate LLM
training while reducing costs by leveraging Oracle’s high-performance graphics
processing unit (GPU) cluster and a high bandwidth cloud network. The tools will
help clients in a variety of industries tailor the data and generative AI to
their needs.

"Oracle’s generative AI offerings will leverage Cohere’s LLMs and will be
customized and improved with our industry knowledge and data insights," Karan
Batta, VP of product management for Oracle Cloud Infrastructure told FOX
Business. "For example, Oracle Cerner manages billions of electronic health
records. Using this anonymized data, Oracle can create generative models that
are adapted to the healthcare domain, like automatically generating a patient
discharge summary, or a letter of authorization for medical insurance. Oracle
will accomplish this across verticals and [software as a service] solutions."

ORACLE’S LARRY ELLISON NOW WORLD’S THIRD RICHEST AS AI EXPLODES



Oracle will host Cohere's foundational LLMs and allow enterprise clients to
customize their own generative AI tools. (Michael Short/Bloomberg via Getty
Images / Getty Images)

The foundational LLMs developed by Cohere can be customized by enterprise
customers using Oracle’s data and customers’ own data to make the AI outputs
more accurate for specific business use cases. 



The generative AI services won’t mix customers’ data, which Oracle says will
help ensure that "a given business’ competitive advantage will always remain its
own."

GENERATIVE AI WILL ADD TRILLIONS TO GLOBAL ECONOMY: MCKINSEY



Oracle is partnering with Cohere, an AI startup, on generative AI tools for
enterprise customers. (Getty Image / Getty Images)

Cohere’s language models will also be integrated into Oracle’s portfolio of
cloud applications which features Oracle Fusion Cloud Applications, Oracle
NetSuite and industry-specific Oracle applications to give customers the tools
to quickly develop and securely deploy generative AI to meet their business
needs. In particular, Oracle plans to deploy new models for healthcare and
public safety uses.



"Oracle and Cohere have a shared focus on data security, model customization,
and enabling enterprises to create business value," Martin Kon, president and
COO of Cohere, said in a press release. "Together, Oracle and Cohere will help
enterprises worldwide accelerate their AI initiatives, drive greater value, and
deliver new levels of automation that maximize business success – while ensuring
their data is secure and private."

Ticker Security Last Change Change % ORCL ORACLE CORP. 118.89 -0.38 -0.32%

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WHAT ARE THE FOUR MAIN TYPES OF ARTIFICIAL INTELLIGENCE? FIND OUT HOW FUTURE AI
PROGRAMS CAN CHANGE THE WORLD



Oracles Executive Chairman of the Board and Chief Technology Officer Larry
Ellison touted the new partnership with Cohere on an earnings call.
(REUTERS/Robert Galbraith / Reuters Photos)

Oracle co-founder Larry Ellison, who serves as the tech giant’s executive
chairman and CTO, touted the partnership with Cohere on an earnings call last
week, saying it will "make it very, very easy for enterprise customers to train
their own specialized large language models while protecting the privacy of
their training data."

"This new service protects the privacy of our enterprise customers’ training
data, enabling those customers to safely use their own private data to train
their own private specialized large language models," Ellison said on the call.
"Specialized large language models will be instrumental in helping highly
trained professionals use their precious time more efficiently."

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