Five Minute Briefing - Oracle
July 3, 2024
Published in conjunction with the Quest Oracle Community (Quest), this bi-weekly publication contains news, market research, and insight for the Oracle ecosystem, as well as Quest news and information. Subscribers also receive Quest ResearchWire, a bi-monthly research report for the Oracle community.
News Flashes
Oracle is introducing HeatWave GenAI, offering in-database large language models (LLMs), an automated in-database vector store, scale-out vector processing, and the ability to have contextual conversations in natural language informed by unstructured content. According to Oracle, these new capabilities enable customers to bring the power of generative AI to their enterprise data—without requiring AI expertise or having to move data to a separate vector database.
Oracle Autonomous Database is now generally available on Oracle Database@Azure in the Microsoft Azure East U.S. region. Oracle will operate and manage the Oracle Autonomous Database Cloud Service, the second Oracle database service to run on Oracle Cloud Infrastructure (OCI) in Azure data centers, according to the company.
To meet the rapidly growing demand for its AI and cloud services in Spain, Oracle announced plans to invest more than $1 billion to open a third cloud region in Madrid and drive AI skills development across the country. The new public cloud region will enable Oracle customers and partners across all industries in Spain, including its prominent financial services sector, to migrate mission-critical workloads from their data centers to Oracle Cloud Infrastructure (OCI) while helping them address regulations like the Digital Operational Resilience Act (DORA) and the European Outsourcing Guidelines (EBA, EIOPA, ESMA), according to Oracle.