Oracle Announces New AI Capabilities to Help Accelerate Application Development

Rhea-AI Summary

Oracle has announced new AI capabilities to accelerate application development on Oracle Cloud Infrastructure (OCI). Key highlights include:

• Oracle Code Assist: An AI code companion now in beta, offering intelligent suggestions for various programming languages.
• OCI Kubernetes Engine (OKE) enhancements: Optimizing AI workload training, deployment, and management at scale.
• Java optimization: Helping developers build new and update legacy Java applications.
• Ubuntu support: Simplifying GPU-based workload deployment for MLOps teams.
• Security enhancements: Including Oracle Cloud Guard Container Security and OCI Logging Analytics integration.

These capabilities aim to boost developer productivity, reduce time spent on mundane tasks, and streamline AI workload management on OCI.

Positive

• Oracle Code Assist beta release to boost developer productivity across multiple programming languages
• OCI Kubernetes Engine enhancements for optimizing AI workload management at scale
• Java optimization capabilities to improve application resilience, performance, and security
• Ubuntu support for simplified GPU-based workload deployment
• Enhanced security features with Oracle Cloud Guard Container Security and OCI Logging Analytics integration

Negative

• None.

Tech Expert

Oracle's new AI capabilities mark a significant leap in cloud-based application development. The introduction of Oracle Code Assist in beta is particularly noteworthy, as it promises to boost developer productivity across multiple programming languages. This AI-powered tool could significantly reduce development time and costs, potentially giving Oracle an edge in the competitive cloud market.

The enhancements to OCI Kubernetes Engine (OKE) are equally impactful. The addition of Ubuntu support and improved security features addresses key pain points in AI workload management. These updates position Oracle to better compete with other cloud providers in the rapidly growing AI and machine learning space.

Overall, these developments reflect Oracle's strategic focus on AI integration and developer empowerment, which could translate to increased market share and revenue growth in the long term.

Market Research Analyst

Oracle's AI-driven innovations could significantly impact its market position. The company is clearly targeting the $500 billion cloud services market, with a focus on attracting developers and AI-focused businesses. By enhancing developer productivity and simplifying AI workload management, Oracle is positioning itself to capture a larger share of this growing market.

The adoption by high-profile clients like Nomura Research Institute, Inworld and GeneDx demonstrates the appeal of Oracle's offerings across diverse sectors. This could lead to increased customer acquisition and retention, potentially boosting Oracle's cloud revenue, which grew 45% year-over-year in Q4 FY2023.

Investors should monitor Oracle's cloud revenue growth and market share gains in the coming quarters to gauge the success of these new capabilities.

Financial Analyst

Oracle's investment in AI capabilities could yield significant financial benefits. The company's cloud services and license support segment, which includes OCI, generated $9.4 billion in revenue in Q4 FY2023, representing 73% of total revenue. These new features could accelerate growth in this important segment.

By enhancing developer productivity and simplifying AI workload management, Oracle may see improved customer retention and potentially higher average revenue per user. The company's ability to attract AI-focused clients like Inworld could also lead to increased high-margin GPU usage on OCI.

However, investors should consider the costs associated with AI development and the competitive landscape. While these innovations are promising, their impact on Oracle's bottom line may take time to materialize fully.

Oracle Code Assist is now available in beta to help boost developer velocity

OCI Kubernetes Engine enhancements help organizations train and deploy AI models at scale

LAS VEGAS, Sept. 10, 2024 /PRNewswire/ -- Oracle CloudWorld -- Oracle today announced new capabilities to help customers accelerate the development of applications and deployment on Oracle Cloud Infrastructure (OCI). Oracle Code Assist, an AI code companion to help increase developer velocity, is now available through the Oracle Beta Program. The new capabilities will help developers boost productivity in addressing daily tasks within the software development lifecycle. In addition, new enhancements to OCI Kubernetes Engine (OKE) optimize training, deploying, and managing AI workloads at scale.

Deployed as a plugin for JetBrains IntelliJ IDEA or Microsoft Visual Studio Code, Oracle Code Assist will provide developers with intelligent suggestions to help them build and optimize applications written in modern programming languages, including Java, Python, JavaScript, SuiteScript, Rust, Ruby, Go, PL/SQL, C#, and C.

"These new capabilities turbocharge application development, empowering developers to leverage AI to help reduce the time spent on mundane tasks that are inherent to software development," said Sudha Raghavan, senior vice president, Developer Platform, Oracle Cloud Infrastructure. "Thousands of Oracle engineers are using Oracle Code Assist in their daily work to create boilerplate code, build and run unit tests, generate documentation, and receive answers to coding questions."

Key aspects of Oracle Code Assist include:

• Java optimization: Helps developers build new Java applications and assists in updating legacy applications to enhance application resilience, performance, and security. This is available in the Oracle Code Assist beta.
• NetSuite SuiteScript optimization: Enables developers to build extensions and customizations with NetSuite SuiteScript. Oracle Code Assist is planned to be available to NetSuite customers within the next year.

Newly announced capabilities for OKE simplify the deployment and management of AI workloads and other cloud native application deployments on OCI, including:

• Ubuntu support: Helps MLOps teams simplify the deployment and streamline the management of AI workloads. With support for Ubuntu images for containers now included, developers can deploy a GPU-based workload directly as an Ubuntu image rather than refactor it into a different OS image.
• Oracle Cloud Guard Container Security enhancements: Helps developers identify security problems and develop faster remediation methods by extending monitoring capabilities to identify problems down to the container level. This provides a secure and governed container runtime environment by automating the enforcement of security policies.
• OCI Logging Analytics integration: Helps developers improve usability and provides better observability by enabling Logging Analytics for OKE workloads.
• Node health checks and cycling: Will help cluster operators to ensure worker nodes are healthy and updated by providing data to monitor cluster health and more options to take actions on nodes based on that data.

Customers Innovate with Application Development on OCI
Nomura Research Institute (NRI), a leading global provider of consulting services and system solutions, relies on OCI and Oracle Alloy to host the managed cloud solutions it provides to hundreds of financial services organizations in Japan.

"At NRI, Java is our programming language of choice for application development, and we have thousands of Java applications in production," said Takahiko Inaba, managing director, head of AI, NRI. "We're looking forward to using Oracle Code Assist and its Java optimization to accelerate our ability to update legacy applications and build new applications faster."

Inworld is a leading AI platform for games that allows developers to add gameplay mechanics, AI agents, and dynamic narratives and worlds that evolve with each action. Due to rapid growth, the company needed a way to connect its models to a scalable development, testing, and training backbone.

"Previously, our development teams were spending a lot of resources managing the daily operations necessary for our machine learning models, which include speech recognition, contextual awareness, and speech synthesis. After our demands grew 100x overnight from a viral streamer, we sought a managed solution and migrated to OCI," said Igor Poletaev, vice president of artificial intelligence, Inworld. "We use OCI Kubernetes Engine to orchestrate our GPU workloads, allowing us to sleep well at night. These new capabilities will simplify our work with GPUs, allowing us to train and deploy our AI workloads at scale. Now we think about business problems, not infrastructure problems."

8x8 is a communications solutions provider that is used by more than three million business users at 55,000+ midsize and enterprise organizations. It began utilizing OCI Kubernetes Engine and OCI Functions to manage its over 300 Kubernetes microservices and is using OCI Logging Analytics to get real-time, end-to-end visibility across its cloud-native environment.

"With OCI's global footprint and excellent compute and network performance, we can continuously deliver the best quality of service to our customers worldwide on a single platform," said Mehdi Salour, senior vice president, global network and DevOps, 8x8. "Using OCI Kubernetes Engine and OCI Logging Analytics, we have significantly reduced the daily management complexities for our DevOps teams and enabled them to focus their time on delivering new solutions to enhance our platform."

GeneDx is a pioneering force in medical genetics, offering industry-leading exome and genome testing fueled by one of the world's largest rare disease data sets. GeneDx migrated its core platforms to OCI to optimize its cloud infrastructure, which has enabled it to increase efficiency and drive significant cost savings.

"Managing critical pipelines across three different clouds added complexity and increased costs, leading us to consolidate onto OCI," said Neil Davis, head of engineering, GeneDx. "OCI's services map very closely to those used on our previous cloud platforms, providing a straightforward migration path. For most of our Kubernetes services, using OCI Kubernetes Engine was as simple as deploying a Helm chart and switching the DNS. Leveraging OCI Kubernetes Engine has helped reduce the operational burden on our development teams, which has allowed them to focus on scaling our operations and enhancing our patient experience."

Additional Resources

• Read the Oracle Code Assist CloudWorld blog
• Read the OCI Kubernetes Engine CloudWorld blog
• Apply to be a beta tester for Oracle Code Assist
• Learn more about Oracle Code Assist
• Learn how to add AI to your applications with Oracle's AI Solutions Hub
• Learn more about Oracle Application Development

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

About Oracle CloudWorld
CloudWorld is where our customers and partners can see the latest innovations in cloud technology, discover methods for getting the most business value from AI today, and explore ways to increase productivity and efficiency through automation. You'll learn from experts and your peers who build and use the applications, cloud infrastructure, databases, developer tools, and AI services that help solve complex business challenges in every industry. Join us to develop new skills and see new capabilities in action. Register now at oracle.com/cloudworld or follow the news and conversation at oracle.com/news and linkedin.com/company/oracle.

Future Product Disclaimer
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle's products may change and remains at the sole discretion of Oracle Corporation.

Forward-Looking Statements Disclaimer
Statements in this article relating to Oracle's future plans, expectations, beliefs, and intentions are "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect Oracle's current expectations and actual results, and could cause actual results to differ materially. A discussion of such factors and other risks that affect Oracle's business is contained in Oracle's Securities and Exchange Commission (SEC) filings, including Oracle's most recent reports on Form 10-K and Form 10-Q under the heading "Risk Factors." These filings are available on the SEC's website or on Oracle's website at oracle.com/investor. All information in this article is current as of September 10, 2024, and Oracle undertakes no duty to update any statement in light of new information or future events.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/oracle-announces-new-ai-capabilities-to-help-accelerate-application-development-302243072.html

SOURCE Oracle

FAQ

What is Oracle Code Assist and when will it be available for ORCL?

Oracle Code Assist is an AI code companion now available in beta. It provides intelligent suggestions for various programming languages to boost developer productivity. The exact general availability date is not specified in the press release.

How does Oracle Code Assist support Java optimization for ORCL?

Oracle Code Assist helps developers build new Java applications and update legacy ones to enhance application resilience, performance, and security. This feature is available in the Oracle Code Assist beta.

What new enhancements have been made to OCI Kubernetes Engine (OKE) by ORCL?

OCI Kubernetes Engine enhancements include Ubuntu support for GPU-based workloads, Oracle Cloud Guard Container Security improvements, OCI Logging Analytics integration, and upcoming node health checks and cycling capabilities.

How does ORCL's new Ubuntu support benefit AI workload deployment?

Ubuntu support in OCI Kubernetes Engine allows MLOps teams to deploy GPU-based workloads directly as Ubuntu images, simplifying deployment and streamlining management of AI workloads without the need to refactor into different OS images.