- Oracle Corp (NYSE:ORCL) and NVIDIA Corp (NASDAQ:NVDA) forged a multi-year partnership to help customers solve business challenges with accelerated computing and AI.
- The partnership aims to bring the full NVIDIA accelerated computing stack from GPUs to systems to software to Oracle Cloud Infrastructure (OCI).
- OCI added tens of thousands more NVIDIA GPUs, including the A100 and upcoming H100, to its capacity.
- Combined with OCI’s AI cloud infrastructure of bare metal, cluster networking, and storage, this provides enterprises with a broad, easily accessible portfolio of options for AI training and deep learning inference at scale.
- Oracle CEO Safra Catz said, “Our expanded alliance with NVIDIA will deliver the best of both companies’ expertise to help customers across industries – from healthcare and manufacturing to telecommunications and financial services – overcome the multitude of challenges they face.”
- “Accelerated computing and AI are key to tackling rising costs in every aspect of operating businesses,” NVIDIA CEO and founder Jensen Huang said.
- U.S. restricted the sales of high-performance AI chips for servers, the A100 and H100, to China and Russia.
- However, it authorized exports, reexports, and in-country transfers needed to continue Nvidia’s development of H100 integrated circuits.
- The U.S. aimed to restrict U.S. exports of certain semiconductors and equipment, fearing China’s exploitation of the same for military purposes.
- Nvidia CEO Jensen Huang warned analysts against Chinese cloud companies slowing down building out their data centers and that China was a “very large market” for the company.
- Price Action: NVDA shares traded lower by 0.90% at $118.59 in the premarket on the last check Wednesday.
Bearish Southwest Airlines Analyst Says This Company Decision Is ‘A Step In The Right Direction’
Shares of Southwest Airlines Co (NYSE: LUV) gained last month after the company reached a tentative agreement with its pilots association.
