Inside Oracle’s Plan to Win Agentic AI Race

Oracle reported a 14% year-over-year increase in Q2 revenue, totaling $16.06 billion, although this fell short of the $16.21 billion estimate. Following the announcement, Oracle's stock dropped over 11% in after-hours trading, reflecting investor concerns about the company's financial performance despite the revenue growth.

Starcloud has achieved a significant milestone by becoming the first company to train large language models (LLMs) in space using NVIDIA's H100 chip, successfully training Google's AI models, Gemma and nano-GPT. This innovative approach marks a new frontier in AI development and deployment beyond Earth.

Adobe has integrated its popular software products, including Photoshop, Express, and Acrobat, into ChatGPT, making these tools available for free to users on desktop, web, and iOS platforms. This integration allows users to edit images and documents directly within the AI interface, enhancing the functionality of ChatGPT for its 800 million users.

Mphasis has appointed Punit Sood as an independent director, bringing his extensive experience from his current roles on the boards of ICICI Bank and NPCI. This strategic move is aimed at enhancing governance and oversight within the company as it navigates the evolving landscape of artificial intelligence and technology services.

R Systems has chosen Mangaluru as the location to build its agentic ecosystem, reflecting a strategic decision to leverage the region's growing technological landscape and talent pool. This initiative aims to enhance the company's capabilities in artificial intelligence and data management.

Virtusa has acquired SmartSoC Solutions, enhancing its cloud services with semiconductor chip design capabilities. This strategic move positions Virtusa at the forefront of artificial intelligence and chip design, responding to the increasing demand for advanced silicon chips in various industries.

The consulting industry is undergoing a transformation as artificial intelligence (AI) shifts the role of consultants from traditional deck-makers to strategic decision partners, enhancing their ability to provide insights and recommendations. This evolution reflects a growing reliance on AI technologies to streamline processes and improve decision-making efficiency.

Neuralix AI is emerging as a key player in India's artificial intelligence landscape, focusing on developing advanced homegrown technology to enhance applied intelligence solutions. This startup aims to address the growing demand for efficient AI applications in various sectors, contributing to the country's digital transformation.