Oracle (NYSE:ORCL) shares are up on Thursday as the company expands its multicloud networking capabilities.
This move comes after Oracle announced plans to establish high-speed connectivity between Oracle Cloud Infrastructure (OCI) and Amazon (NASDAQ:AMZN) Web Services (AWS), enhancing its offerings in the competitive cloud market. At the same time, the Technology sector gained 0.27% on Wednesday.
Oracle’s collaboration with AWS aims to provide customers with simplified, high-performance connectivity, allowing for seamless data movement and application modernization.
This initiative is set to enhance Oracle’s multicloud capabilities and is expected to be available later this year.
“With Oracle AI Database@AWS, we pioneered a simpler way for customers to run Oracle AI Database workloads in AWS with the same features, architecture, and performance as they expect on-premises. We’re now building on that by establishing connectivity between our popular cross-cloud interconnect and AWS Interconnect–multicloud,” said Nathan Thomas, senior vice president, product management, Oracle Cloud Infrastructure.
Oracle AI expansion
Yesterday, Oracle expanded its enterprise cloud partnership with a major automotive supplier.
The collaboration centers on deploying AI-powered applications to …
This post was originally published here
