- Oracle expanded its OpenAI collaboration to bring ChatGPT and Codex into its applications, extending enterprise access to OpenAI tools.
- OCI will add Google TPUs, OpenAI's Jalapeño chip and Cerebras hardware. It is the first time Google's custom chips will run on another hyperscaler's cloud.
- Cerebras shares climbed about 8% and Oracle shares rose nearly 5% on Tuesday following the announcement.
- Oracle said Nvidia chips remain the best and most fungible option and that adding accelerators does not mark a pivot away from Nvidia.
- Oracle shares are down more than 30% this year, partly on concerns about financing its data center pipeline. Investors will watch the investor day for FY2030 revenue targets and cloud deal margins.
Quotes
“allows anybody to build an application, deploy it, manage it.”
“Now customers can actually have infinite possibilities in terms of how they can drive AI”
“More businesses are choosing OpenAI as we make it easier to put AI to work through the tools and systems they already use”