From The Wall Street Journal: 2024-05-10 08:16:00

Oracle is expanding its R&D capabilities in Morocco, aiming to hire 1,000 IT professionals to accelerate the development of advanced technologies for global customers. This move will empower young Moroccans in AI, big data, cloud computing, and cybersecurity, making Morocco a digital hub.

Oracle’s AI advancements, including Oracle Code Assist and Oracle Database 23ai, are set to enhance cloud services and license revenues. The company’s collaboration with NVIDIA will further propel AI solutions. Analysts project a 22.5% growth in cloud services and license revenues for fiscal 2024, supporting Oracle’s position in the market.

Partnering with NVIDIA, Oracle stays competitive in the AI cloud market by continually innovating. Meanwhile, giants like Salesforce and Microsoft are also investing in AI to meet market demands and drive economic growth. The tech industry is witnessing a surge in AI initiatives to push boundaries and stay ahead in the rapidly evolving market.



Read more at The Wall Street Journal: Oracle (ORCL) to Expand Its R&D Capabilities in Morocco