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AI & Enterprise

AI-driven web business model disruption becomes reality

Concerns that AI could threaten established tech companies’ business models are increasingly materialising in some areas. Reddit shares slid nearly 30 percent in a day after its revenue outlook disappointed and traffic from Google Search fell amid Google AI Overviews. ServiceNow also sank after results missed expectations. Worries over an AI bubble grew after quarterly earnings, even as cloud giants posted strong growth. Companies are also partnering with rivals as they expand AI offerings.

AI & Enterprise

Snowflake to support Oracle Cloud, linking Oracle app and database data

Snowflake has partnered with Oracle to offer Snowflake AI Data Cloud on Oracle Cloud Infrastructure, it said on its official blog. Snowflake said the OCI-based Snowflake will be introduced as a native service provided directly by Oracle on OCI. The company previously offered its AI and data cloud only via Amazon Web Services, Microsoft Azure and Google Cloud. Snowflake said customers can buy and pay for Snowflake solutions through Oracle and use connected data for analysis and AI applications.

AI & Enterprise

Oracle, OpenAI expand enterprise AI alliance from security to app development

Oracle will work with OpenAI to roll out AI-based enterprise products, the company announced at Oracle AI World in Las Vegas. Oracle said the two companies combined OpenAI models, ChatGPT and Codex with Oracle applications, data and Oracle Cloud Infrastructure to launch products across operations, application development, security and startups. Offerings include Oracle AI Workspace, Oracle AI Security Mesh and Oracle App Composer, plus an Oracle AI SMB bundle that includes $12,000 a year in Oracle cloud credits.