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Oracle Integrates Palantir AI to Boost Cloud Services

Analyst Team trader
Updated 10 Jul 2024

Oracle Corporation (NYSE: ORCL) has enhanced its tech portfolio by integrating Palantir Technologies Inc.'s sophisticated artificial intelligence (AI) tools into its cloud offerings. An announcement confirmed the integration of Palantir's Foundry Platform and AI Platform across Oracle's range of distributed cloud deployment options, including the robust Oracle Cloud Infrastructure (OCI).

PLTR stock price has risen by 20% over the past month, and it's anticipated that their upward trajectory is set to continue as the company solidifies its offerings in the cloud computing space.

The equity markets regard the synergy between Palantir and Oracle as a strategic move to solidify their positions in the thriving realm of artificial intelligence. Rand Waldron, Oracle's Vice President, emphasised that the combination of Oracle's cloud foundation with Palantir's advanced data analysis platforms will expedite the adoption of AI capabilities for customers, assisting them in deriving more significant value from their data sets.

As enterprises are increasingly migrating their operations to cloud-based models, the availability of Palantir's technologies across Oracle's infrastructures caters to the surging demand for cloud technologies.


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The nature of this partnership is timely, considering market research from Gartner that forecasts a robust growth in cloud services. User-end spending on cloud platforms is estimated to climb to $675.4 billion in the current year alone, with projections suggesting an impressive market value of $1.44 trillion by 2029.

With both corporate giants pooling their technological prowess, Oracle's cloud infrastructure and Palantir's edge in decision acceleration platforms together underscore a significant step towards meeting the evolving demands of the digital transformation landscape. As industries turn to data-driven methodologies, such collaborations provide the necessary tools to harness data effectively, offering enterprises a competitive edge in capturing market opportunities.

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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.