In the midst of the storm caused by Generative AI in the sector of technologya company has discreetly gained strength: Oracle (). The giant in the cloud has accelerated the pace of investment in Brazil, although it believes that the country is still a few steps behind in this market compared to countries like the United States.
“The moment of market maturity is a little different. Brazil is two years behind what is happening in the United States”, he says Leandro Vieiravice president for AI and HighTech companies at Oracle in Latin America. “Exactly what happened there is happening here today: companies being born to make generative AI as a product.”
According to the company, but the financial volumes signed are still not as large as in the USA.
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Although it does not release regional numbers, Oracle guarantees that it has considerably increased shipments of GPUsespecially the Nvidiathe main supplier of boards for data centers dedicated to cloud and artificial intelligence. In the world, contracts signed for the use of infrastructure already exceed US$100 million.
“Two impacts that we initially felt and are now stabilizing were the issue of energy capacity and the bureaucracy of equipment entry from Brazil”, he explains. Alexandre Maioralpresident of Oracle in Brazil in an interview with InfoMoney. With increasingly larger orders, the company faces more customs inspection to bring the GPUs to Brazil.
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From an energy point of view, those who have been able to help companies are the so-called energy companies. colocationspecialized in developing infrastructure for data center from leading global public cloud providers. To deal with the issue of loads being stopped for investigation, Oracle has placed increasingly larger orders, taking into account market growth expectations.
Among its customers in the country is the government itself, with whom Oracle works to develop Oracle’s public cloud. Datapreva pension technology and information company. There will be two data centers, in São Paulo and Rio de Janeiro, with delivery expected within six to eight months.
Oracle may not be as well known to the end consumer as the “Magnificent 7”, the most influential technology companies listed on the stock exchange in the United States: Alphabet (Google), Amazon, Apple, Meta, Microsoft, NVIDIA and Tesla. Oracle’s performance in the generative AI sector, however, has attracted careful attention.
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Recently, the company closed a , developer of ChatGPTto expand the processing offer to the startup. According to Maioral, Oracle is the only cloud service provider besides Microsoft, owner of 49% of OpenAI and the main cloud service provider, through Azure.
In 2024 alone, the company’s shares appreciated by more than 110%, driven by partnership announcements and recurring positive results in the cloud services line. In the quarter ended in August, , above market consensus.
The release of the company’s latest results, in September, led its co-founder and president, Larry Ellisonpractically gaining US$95 billion in a single day. Ellison, according to a list published by Forbes.
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