New enterprise generative AI service helps organizations automate business processes, improve decision-making, and enhance customer experiencesOracle CloudWorld, Las Vegas—September 19, 2023
Oracle today announced the limited availability of Oracle Cloud Infrastructure (OCI) Generative AI service. The new generative AI service will support large language models (LLMs) to help organizations automate end-to-end business processes, improve decision-making, and enhance customer experiences, while keeping their data secure and private.
Built on OCI in collaboration with Cohere, the leading AI platform for enterprise, the OCI Generative AI service is a managed service that enables users to integrate LLMs in their own applications through an available API. Once generally available, this service and Cohere models will work seamlessly with AI Vector Search, a feature of Oracle Database 23c that provides retrieval augmented generation (RAG), a generative AI technique that combines pretrained LLMs and proprietary business data to deliver responses with higher accuracy. This service will also form the basis for generative AI capabilities embedded across Oracle’s suite of SaaS applications, including Oracle Fusion Cloud Applications Suite, Oracle NetSuite, and industry applications such as Oracle Cerner.
“Oracle’s unique industry knowledge has enabled us to create state-of-the-art generative AI services for organizations to automate their processes, make better decisions, and improve the experiences they deliver to customers,” said Clay Magouyrk, executive vice president, Oracle Cloud Infrastructure. “Through our partnership with Cohere, customers will be able to embed generative AI easily and securely into their technology stack with full confidence that our solutions align with their most stringent data security and privacy requirements. Our approach further enables organizations to refine these models using their own data—so the models will understand their internal operations like no one else.”
With its low-cost, secure, high-speed AI infrastructure, OCI will enable customers to use Cohere’s models as a managed service specifically targeted for enterprise use cases. Customers using the OCI Generative AI service run their workloads in a dedicated infrastructure on Oracle’s unique AI Supercluster architecture. This enables customers to control their specific cost and throughput requirements, whether they are fine-tuning models with their own data or deploying their custom models.
The new OCI generative AI service includes the following models:
“Oracle and Cohere center our enterprise AI offering on the principles of data security, model customization, latency, and helping companies quickly, meaningfully, cost-efficiently, and responsibly deploy AI technology,” said Martin Kon, president & COO, Cohere. “We are working closely together with Oracle to enable enterprises to supercharge their businesses with AI, with a data security and privacy-first approach.”
“Oracle has been a valuable partner for Altair and with Altair’s focus on computational science and artificial intelligence, Altair has begun integrating large language models into our solutions because of their transformative promise,” said Sam Mahalingam, chief technology officer, Altair. “We believe generative AI will transform the way we work. For example, customers will be able to describe the desired outcome in natural language format and an LLM will automatically produce solutions. In data analytics, customers will no longer need to code for machine learning but simply ask for the predictions. In engineering, customers can describe product properties and the models will do the design. The applications are limitless.”
In addition to the OCI Generative AI service news, Oracle AI has continued to add enhancements to existing services with multiple limited availability programs, including:
“The OCI Generative AI service is the first generative AI cloud service to deliver enterprise-level security, flexibility, and user tuning that the market has been demanding. It provides tight security and governance of users’ proprietary data, and models that limit its use and visibility to only that customer,” said Marc Staimer, senior analyst, Wikibon. “Just as importantly, customers can control their dedicated OCI Supercluster AI infrastructure to meet their specific cost and throughput requirements as they fine-tune their models or deploy their custom models. The OCI Generative AI service is a winning combination of enterprise capabilities and cost-performance.”
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
Oracle CloudWorld is Oracle’s largest global celebration of customers and partners. Join us to discover the insights you need to tackle your biggest business challenges, build your skills, knowledge, and connections, and learn more about our cloud infrastructure, database, applications and developer technologies including Java from the people that build and use them. For registration, live keynotes, session details, news and more visit oracle.com/cloudworld or oracle.com/news.
Cohere is the leading AI platform for enterprise. Its world-class AI is uniquely suited to the needs of business, unlocking unprecedented ease-of-use, accessibility, and data privacy. Cohere’s platform is cloud-agnostic, accessible through API as a managed service, and can be deployed on virtual private cloud (VPC) or even on-site to meet companies where their data is, offering the highest levels of flexibility and control. Founded by Google Brain alumni and a co-author of the seminal Transformer research paper, Cohere is on a mission to transform enterprises and their products with AI that unlocks a more intuitive way to generate, search, and summarize information than ever before. The company is backed by group of global institutional and strategic investors including DTCP, Index Ventures, Inovia Capital, Mirae Asset, NVIDIA, Oracle, Radical Ventures, Salesforce Ventures, Section 32, and Tiger Global, as well as several AI luminaries, including Geoffrey Hinton, Jeff Dean, Fei-Fei Li, Pieter Abbeel, and Raquel Urtasun.
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle’s products may change and remains at the sole discretion of Oracle Corporation.
Statements in this article relating to Oracle’s future plans, expectations, beliefs, and intentions are “forward-looking statements” and are subject to material risks and uncertainties. Many factors could affect Oracle’s current expectations and actual results, and could cause actual results to differ materially. A discussion of such factors and other risks that affect Oracle’s business is contained in Oracle’s Securities and Exchange Commission (SEC) filings, including Oracle’s most recent reports on Form 10-K and Form 10-Q under the heading “Risk Factors.” These filings are available on the SEC’s website or on Oracle’s website at http://www.oracle.com/investor. All information in this article is current as of September 19, 2023 and Oracle undertakes no duty to update any statement in light of new information or future events.
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.