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Texas-based Oracle Corporation {{ m-tag option="price" ticker="ORCL" currency="USD" }}, spearheaded by Chairman and CTO Larry Ellison, is making groundbreaking advancements in generative AI technology. The company has successfully navigated the competitive landscape, securing lucrative partnerships with industry leaders like Nvidia and Elon Musk's xAI.

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Multi-Billion Dollar Contracts & Strategic Partnerships:
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Oracle recently announced contracts worth over $4 billion for its Generation 2 Cloud services, aimed at training generative AI models. These models are integrated with renowned platforms such as ChatGPT and Bard, significantly contributing to Oracle's impressive Q4 2023 earnings, which doubled compared to the previous year.

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Technological Edge in Cloud Computing:
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The company attributes its competitive edge to its remote data memory access (RDMA) network and OCI Compute instances. These are powered by Nvidia's H100 Tensor Core, L40S GPUs, and Ampere AmpereOne CPUs, enabling Oracle's cloud services to outperform competitors in speed and pricing.

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Top-Tier Companies Adopt Oracle's AI Solutions:
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As a result of these technological advancements, industry giants like Cohere and xAI {{ m-tag option="price" ticker="XFLT" currency="USD" }} have chosen Oracle Cloud for their generative AI needs. Ellison anticipates that one of the superclusters currently under construction will soon become the world's most giant scientific computer.

Conclusion: Future Outlook
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Oracle's strategic moves in generative AI and cloud computing have positioned it as a formidable player in the tech industry. The company's Q4 2023 earnings are a testament to its successful strategies and technological advancements.

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