Latest news with #CloudInfrastructure
Time of India
04-06-2025
- Business
- Time of India
oracle: Nvidia overtakes Microsoft to become world's most valuable company
ADVERTISEMENT ADVERTISEMENT AI-chipmaker Nvidia redeemed its title as the most valuable company, surpassing the tech giant Microsoft. Nvidia shares rose about 3.4% on Tuesday, giving it a market value of about $3.45 trillion, higher than Microsoft's $3.44 last time Nvidia held the number one spot was on January 24. It's current share price is still 7.77% below the 52-week high of $153.13, seen in a week ago, Nvidia reported revenue of $44.1 billion for the first quarter ended April 27, up 12% from the previous quarter and up 69% from a year geopolitical and regulatory uncertainty due to Trump's tariffs, specifically around its H20 product line, the growth continues with dominance in AI and chip technology. Sales of H20 products were $4.6 billion for the first quarter of fiscal has underscored significant advancements in AI with a mission to produce up to half a trillion dollars of AI infrastructure in the next four April this year, ET reported that Nvidia will produce its artificial intelligence supercomputers in the United States for the first time. The chipmaker has made key investments in specialised Blackwell chips in Arizona and AI supercomputers in Texas with a manufacturing space of more than a million square feet,The California-based company's construction of supercomputer manufacturing plants in Texas-in collaboration with Foxconn is also following month, in May, the company introduced 'Stargate UAE'- a project that holds the vision to build the world's largest set of AI data centers outside the US. The first phase of the AI infrastructure cluster is in Abu Dhabi, UAE, alongside strategic partners OpenAI, Oracle , SoftBank Group and the latest earnings report, Nvidia has mentioned joint initiatives with Google to advance agentic AI solutions, robotics and drug also revealed the integration of Nvidia Blackwell cloud instances with AWS, Google Cloud, Microsoft Azure and Oracle Cloud Infrastructure. ET reported that Google Cloud be among the first to adopt Nvidia's GB300 NVL72 and RTX PRO 6000 Blackwell Server Edition GPUs.
TECHx
13-05-2025
- Business
- TECHx
Nutanix and Pure Storage Partner to Support Virtual Workload
Home » Tech Value Chain » Global Brands » Nutanix and Pure Storage Partner to Support Virtual Workloads Nutanix (NASDAQ: NTNX), a hybrid multicloud computing company, and Pure Storage (NYSE: PSTG), known for advanced data storage solutions, have announced a new partnership. The goal is to deliver a deeply integrated solution for managing virtual workloads on scalable, modern infrastructure. This collaboration comes at a time of major change in the virtualization market. Many enterprises are reviewing their virtual infrastructure strategies to increase efficiency and reduce costs. Gartner predicts that by 2028, 70% of large VMware customers will move 50% of their virtual workloads due to cost concerns. The joint solution integrates Nutanix Cloud Infrastructure, powered by the Nutanix AHV hypervisor and Flow networking and security, with Pure Storage FlashArray over NVMe/TCP. This combination is designed for data-rich environments, including AI applications. Customers will benefit from: A scalable, full-stack infrastructure combining Nutanix's virtual compute with Pure Storage's all-flash systems. Built-in cyber resilience through micro-segmentation, encryption, and disaster recovery tools. The solution gives IT teams a flexible and reliable alternative to existing platforms. It will be supported across major server hardware, including Cisco, Dell, HPE, Lenovo, and Supermicro. Expedient is an early design partner. Anthony Jackman, Chief Innovation Officer, said the partnership will enhance service quality and client experience. Tarkan Maner, Chief Commercial Officer at Nutanix, stated this will help customers modernize mission-critical applications. Maciej Kranz, GM at Pure Storage, added the solution is designed to meet the growing need for scalable, high-performance infrastructure. Cisco is also expanding its FlashStack offering with Pure Storage to include Nutanix. According to Cisco's Jeremy Foster, the new FlashStack will offer improved visibility and integration through Cisco Intersight. The solution is in development and expected to enter early access by summer 2025. General availability is planned for the end of 2025 through Nutanix and Pure Storage channel partners.
Yahoo
07-05-2025
- Business
- Yahoo
Oracle launches cloud solutions to power retail banking
Oracle has introduced new cloud services aimed at assisting retail financial institutions in modernising their lending and collections processes. The newly launched Oracle Banking Retail Lending Servicing Cloud Service and Oracle Banking Collections Cloud Service are designed to enhance operational efficiency and risk management for financial organisations. These services are now available and are expected to facilitate the delivery of 'innovative' services and pricing options to customers, while optimising loan servicing and streamlining collections. These offerings are part of Oracle's Banking Cloud Services portfolio, which encompasses various solutions including Digital Banking Experience, Banking APIs, Originations, Accounts, and Payments Cloud Services. The Oracle Banking Retail Lending Servicing Cloud Service features a "scalable' core product engine that enhances loan product management and operations. This service allows financial institutions to automate intricate business processes and obtain real-time insights, enabling them to provide new digital services that meet the changing demands of their customers. Additionally, it supports loan portfolio optimisation and risk assessment, which can contribute to improved profitability and competitiveness through customised pricing strategies. Simultaneously, the Oracle Banking Collections Cloud Service addresses the entire collections lifecycle and enhances the management of delinquencies. It offers extensive capabilities, configurable workflows, and automated processes, allowing financial institutions to refine their collections operations, implement borrower-focused strategies, and lower delinquency rates. The cloud-native and component-based services within the Oracle Banking Cloud Services portfolio are designed to help financial institutions modernise with reduced risk and achieve quicker returns on investment. These services can function independently or integrate with existing systems, allowing for rapid provisioning and availability. Furthermore, they feature automated patching and reduced disaster recovery switchover times, which can help decrease IT costs and operational burdens. The services leverage the security, performance, and scalability of Oracle Cloud Infrastructure. Oracle Financial Services executive vice president and general manager Sonny Singh said: 'We continue to deliver new innovations to our extensive portfolio of modular retail banking cloud solutions that empower financial institutions to evolve and improve critical operations in accordance with the demands and needs of their business.
TECHx
11-03-2025
- Business
- TECHx
Burjeel Holdings Adopts Oracle Cloud for Next-Gen EMR - TECHx Media Burjeel Holdings Adopts Oracle Cloud for Next-Gen EMR
Burjeel Holdings Adopts Oracle Cloud for Next-Gen EMR Burjeel Holdings, a super-specialty healthcare provider in the MENA region, has launched one of the region's largest Electronic Medical Record (EMR) platforms in partnership with Oracle Health. This move strengthens Burjeel's commitment to AI adoption, digital transformation, and evidence-based healthcare. The Oracle Health EMR platform, hosted on Oracle Cloud Infrastructure (OCI) in the Oracle Cloud Dubai Region, enhances patient care, clinical efficiency, and operational excellence across Burjeel's healthcare network. The EMR platform, the most significant technological upgrade in Burjeel's history, simplifies access to real-time patient insights, streamlines workflows, improves clinical outcomes, and enhances patient safety. AI-powered decision support tools, integrated alerts, and real-time coordination capabilities empower clinicians with data-driven insights to deliver superior healthcare services. By reducing patient waiting times and increasing face-to-face engagement, the platform elevates the overall patient experience and quality of care. The platform was officially launched at Burjeel Medical City (BMC) in the presence of Dr. Shamsheer Vayalil, Founder and Chairman of Burjeel Holdings; John Sunil, Group CEO of Burjeel Holdings; Alaa Adel, Senior Vice President and Managing Director – International of Oracle Health; and Akram Sami Dhaini, Vice President and Managing Director, Oracle, along with other senior officials. The initial rollout has begun at Burjeel Medical City, Burjeel Hospital in Abu Dhabi, and Burjeel Day Surgery Center, Al Reem Island, paving the way for full-scale implementation across the Burjeel network. With over 3,700 employees trained, the transition is supported by super-users, lead super-users, and 60+ Oracle experts, ensuring seamless adoption. Built on Oracle's secure and scalable cloud infrastructure, the platform enables interoperability across Burjeel's clinical ecosystem, allowing seamless coordination between hospitals, healthcare providers, and patients. This digital transformation is a crucial step in advancing Burjeel's AI-driven value-creation strategy, enhancing operational efficiencies, and future-proofing healthcare delivery. Seema Verma, Executive Vice President and General Manager, Oracle Health and Life Sciences, emphasized the collaboration's impact, stating that Burjeel Holdings and Oracle Health share a mission to use modern technology to improve patient outcomes, increase operational efficiency, and enhance healthcare safety. With real-time data insights, predictive analytics, and AI-powered automation, Burjeel Holdings is setting new benchmarks in next-generation healthcare solutions and reinforcing its leadership in digital health transformation across the MENA region.
