Max Verstappen, driving for Oracle Red Bull Racing, made an epic comeback in the 2024 Sao Paulo GP, claiming the top spot on the podium after starting from 17th on the grid. The Dutch driver showed his mastery in treacherous wet conditions as other drivers struggled to keep control of their cars. Former F1 driver Giedo van der Garde expressed his surprise and admiration for Verstappen's performance, highlighting how the three-time champion's anger and determination led to his brilliant victory.
Title: "Tech Industry Takes Steps Towards Inclusive Innovation for Pride Month 2024" With Pride month right around the corner, major tech companies like Tech Mahindra, Meta, Oracle and others are gearing up to launch seasonal initiatives for the LGBTQIA+ community. However, in addition to employee and community support, the industry is also focusing on expanding their reach and bridging AI innovation gaps with the launch of Cypher 2024 in the USA. This move aims to tackle the challenges of enterprise AI adoption and further promote inclusive innovation in the tech sector.
In this interview, Saravanan, a representative of HeatWave GenAI, discusses how their technology can benefit Indian companies in data analytics. By eliminating the need for separate AI expertise or additional data movement, HeatWave GenAI simplifies the development process and reduces costs for businesses. Additionally, their in-database approach addresses data security concerns, allowing companies to create vector stores, perform natural language searches, and utilize large language models securely in their databases. This integration provides enhanced performance and empowers companies to drive digital transformation and accelerate innovation in AI and analytics.
Oracle, in collaboration with Tamil Nadu Skill Development Corporation, has launched a program called "Naan Mudhalvan" to train 200,000 students in India in Cloud, data science, AI, and other emerging technologies. This initiative aims to provide employment-linked training to students in the state, with teachers and academicians delivering the training on campus. The program will also offer specific modules as a digital learning experience through Oracle MyLearn, providing students and professionals with a strong foundation in Cloud computing and other core concepts. With Oracle certification being recognized as an industry standard, this program not only enhances knowledge but also validates skills sought after by employers, thereby enhancing job prospects and stability. So far, over 60,000 students from various streams have registered for this program from more than 900 colleges in Tamil Nadu.
Oracle founder and chairman Larry Ellison saw a massive increase in his net worth after the company he founded predicted double-digit revenue growth for the upcoming fiscal year. With his net worth now worth close to $171 billion, Ellison is the fifth-richest person in the world. Despite being out of the CEO role for a decade, Ellison still remains heavily involved in the company and is optimistic about the future, mentioning Oracle's advancements in data center construction and partnerships with major cloud providers. Oracle's stock also saw a significant increase and received positive price target adjustments from multiple analysts.
Oracle's fourth-quarter results saw a 10% increase in shares after reports of cloud deals with tech giants Microsoft and Google. The company's revenue for the quarter was slightly lower than expectations, but CEO Safra Catz highlighted the demand for Oracle's cloud services for training artificial intelligence models. Additionally, Oracle announced a partnership with Microsoft and OpenAI to increase computing capacity for the startup and will bring its database to Google Cloud. While analysts had mixed reactions to the results, the highlight was the company's $98 billion backlog, hinting at strong future revenue potential.
Under the leadership of Monank Patel, the USA's pace attack was too much to handle for Pakistan, with Netravalkar's impressive performance in the Super Over stealing the show. Netravalkar, who works for tech giant Oracle, received congratulations from his employer on social media for his match winning performance. His stellar performance not only secured a historic victory for USA, but it also shattered the dreams of Pakistan fans and set the bar high for India in the upcoming clash.
Software engineer turned cricketer Saurabh Netravalkar played a pivotal role in leading the USA cricket team to victory against their arch-rivals Pakistan at the T20 World Cup 2024. Netravalkar's journey from engineering to cricket highlights his unwavering passion and determination, making him an inspiration for many aspiring cricketers in the US. Interestingly, it was a rematch of the 2010 U19 World Cup where Saurabh, playing for team India, lost against Pakistan, who now had Babar Azam in their team. 14 years later, Netravalkar's incredible performance helped the USA team beat Pakistan at the ongoing World Cup.
Saurabh Netravalkar, a former Indian U19 cricketer, made history by leading the USA to victory over Pakistan in a Super Over in a T20 World Cup 2024 match. Netravalkar, who is also a Senior Software Engineer at Oracle, showcased his bowling skills and determination to balance his passion for cricket and his profession. His performance has inspired aspiring cricketers and given the USA a strong start in the World Cup.
BMO Capital analyst Keith Bachman has chosen to maintain Oracle's Hold rating and corresponding target price, citing the company's strong position in the database and ERP markets but remaining cautious due to its current stock valuation. While acknowledging Oracle's potential for growth, particularly in its Cloud Infrastructure segment, Bachman believes market and economic uncertainties could impede the company's near-term performance. However, Bachman's report expresses a positive outlook for Oracle's long-term prospects, with expected improvements in its database and ERP businesses, as well as significant growth in its Cloud Infrastructure market share. Despite this, the decision to maintain a Hold rating reflects concerns over the company's valuation and the impact of external factors on its performance.