15 AI News Shaping Wall Street Today

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5. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 91

Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider. It hosts immense data that AI applications need to process.

Microsoft’s Ignite 2024 event has unveiled several exciting partnerships and expansions. One such announcement made at the event is that of the expanded partnership between Microsoft and Oracle Corporation (NYSE:ORCL). Oracle used the conference to announce an increase in the number of Exadata database-optimized servers and Real Application Clusters; strategically co-located in Microsoft Azure data centers to nine regions. The partnership, offering businesses the low-latency option to integrate their databases seamlessly with Microsoft’s applications and infrastructure, aims to deploy 24 additional Azure regions with Oracle Cloud Infrastructure by 2025.

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