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Oracle Benefits From AI Cloud Service Adoption: A Sign of More Upside?
ZACKS· 2025-06-28 00:46
Key Takeaways xAI's Grok model launch is expected to drive OCI usage and long-term cloud contract renewals. Partnerships like Cohere and NVIDIA have fueled strong gains in Oracle's cloud service performance. ORCL expects total cloud revenues to grow 26-30% in Q1 2026 and over 40% in fiscal 2026.Oracle’s (ORCL) collaboration with xAI to deploy its Grok models via the Oracle Cloud Infrastructure (“OCI”) is expected to further drive momentum in the company’s cloud services and license support revenues in the ...
xAI's Grok Models are Now on Oracle Cloud Infrastructure
Prnewswire· 2025-06-17 20:00
Powered by OCI AI infrastructure, Grok models will leverage OCI Compute instances with significant price- performance and scalability advantages AUSTIN, Texas, June 17, 2025 /PRNewswire/ -- xAI has selected Oracle to offer xAI's Grok models via Oracle Cloud Infrastructure (OCI) Generative AI service for a wide range of use cases, including content creation, research, and business process automation. xAI will also leverage the scalability, performance, and cost efficiency of OCI's leading AI infrastructure t ...