Oracle Spending 'Billions' on Nvidia Chips This Year, Ellison Says

Oracle is spending "billions" of dollars on chips from Nvidia as it expands a cloud computing service targeting a new wave of artificial intelligence companies, Oracle founder and Chairman Larry Ellison said. From a report: Oracle's cloud division is working to gain ground against larger rivals such as Amazon Web Services and Microsoft. To get an edge, Oracle has focused on building fast networks that can shuffle around the huge amount of data needed to create AI systems similar to ChatGPT. Oracle is also buying huge numbers of GPUs designed to crunch that data for AI work. Oracle is also spending "billions" of dollars on Nvidia chips but even more on CPUs from Ampere Computing, a chip startup it has invested in, and AMD, Ellison said at an Ampere event.

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