Oracle Spending 'Billions' on Nvidia Chips This Year, Ellison Says

Oracle is spending "billions" of dollars on chips from Nvidia as it expands a cloud computing service targeting a new wave of artificial intelligence companies, Oracle founder and Chairman Larry Ellison said. From a report: Oracle's cloud division is working to gain ground against larger rivals such as Amazon Web Services and Microsoft. To get an edge, Oracle has focused on building fast networks that can shuffle around the huge amount of data needed to create AI systems similar to ChatGPT.
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