That destination flexibility is another key factor for Oracle’s cloud database future, Ellison said, underscoring that the company’s multicloud strategy gives customers the opportunity to use the Oracle database in the cloud of their choice, including associated AI capabilities. According to Ellison, this flexible model is proving very popular, resulting in quarter-over-quarter revenue growth of 115%.
Ellison also called out the latest version of Oracle’s database, Oracle 23ai, as being specifically tailored to the needs of AI workloads. According to Ellison, Oracle 23ai is “the only database that can make all customer data instantly available to all popular AI models while fully preserving customer privacy.”
Oracle CEO Safra Catz backed up Ellison’s assertion that AI will further increase Oracle’s cloud database market share with solid growth figures: According to Catz, cloud database services grew by 31%, and revenue from the company’s Autonomous Database grew by 47%.
