Clover Infotech brings to you a curated round-up of important technology updates for the month of July’24:
#1 Oracle Announces Industry First In-Database LLMs and an Automated In-Database Vector Store with HeatWave GenAI
Oracle announced the general availability of HeatWave GenAI, which includes the industry’s first in-database large language models (LLMs), an automated in-database vector store, scale-out vector processing, and the ability to have contextual conversations in natural language informed by unstructured content. These new capabilities enable customers to bring the power of generative AI to their enterprise data—without requiring AI expertise or having to move data to a separate vector database… CONTINUE READING
#2 Oracle MySQL 9.0 is out! Check Details…
Oracle MySQL 9.0 released on July 1, 2024, marks a significant milestone in the evolution of this widely-used open-source database management system. This release is the result of extensive contributions from the global community, showcasing Oracle’s commitment to continuous improvement. One of the standout features of MySQL 9.0 is its enhanced query optimizer, designed to improve query execution speed and resource efficiency…CONTINUE READING
#3 Oracle Announces Exadata Exascale, World’s Only Intelligent Data Architecture for the Cloud
New service unites the best of Exadata’s database intelligent architecture and cloud elasticity to deliver extreme performance for AI, analytics, and mission-critical workloads at any scale. Oracle announced the general availability of Exadata Exascale, an intelligent data architecture for the cloud that provides extreme performance for all Oracle Database workloads—including AI vector processing, analytics, and transactions—at any scale… CONTINUE READING
#4 Gartner Forecasts Worldwide IT Spending to Grow 7.5% in 2024
Worldwide IT spending is expected to total $5.26 trillion in 2024, an increase of 7.5% from 2023, according to the latest forecast by Gartner, Inc. This is a decrease from the previous quarter’s forecast of 8% growth, but an increase of the overall spend forecast of $5.06 trillion. “Generative AI (GenAI) is being felt across all technology segments and subsegments, but not to everyone’s benefit,” said John-David Lovelock, Distinguished VP Analyst at Gartner… CONTINUE READING
#5 Oracle Releases Java 22
Oracle announced the availability of Java 22, the latest version of the world’s number one programming language and development platform. Java 22 (Oracle JDK 22) delivers thousands of performances, stability, and security improvements to help developers increase productivity, drive innovation, and accelerate growth across their organizations. These include enhancements to the Java language, its APIs and performance, and the tools included in the Java Development Kit (JDK)…CONTINUE READING
#6 Gartner Says Worldwide IaaS Public Cloud Services Revenue Grew 16.2% in 2023
The worldwide infrastructure as a service (IaaS) market grew 16.2% in 2023, to total $140 billion, up from $120 billion in 2022, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2023, followed by Microsoft, Google, Alibaba, and Huawei. “Cloud technologies continue to be a major business disruptor, due in part to the focus on hyperscalers looking to support offerings related to sovereignty, ethics, privacy and sustainability,” said Sid Nag, VP Analyst at Gartner…CONTINUE READING
#7 Oracle Opens Second Cloud Region in Singapore
Oracle recently announced the opening of the second Oracle Cloud Region in Singapore to meet the rapidly growing demand for AI and cloud services. The new cloud region enables Oracle customers and partners across all industries across Southeast Asia to migrate mission-critical workloads from their data centers to Oracle Cloud Infrastructure (OCI). The two regions in Singapore can help organizations strengthen business continuity, while addressing Singapore’s data residency and sovereignty requirements …CONTINUE READING
#8 Gartner Survey Reveals CFOs and CEOs Identify AI as the Technology with the Greatest Impact in the Next 3 Years
A survey by Gartner, Inc. revealed that 62% of CFOs and 58% of CEOs believe that AI will have the most significant impact on their industries in the next three years. The Gartner survey of 247 CEOs and CFOs, polled in July 2023 – December 2023, was conducted to examine CEO and senior business executive views on current business issues, as well as some areas of technology agenda impact. “CFOs and CEOs are both focused firstly on profitable growth with nearly two-thirds of respondents in both groups putting this in their top three strategic business priorities,” said Alexander Bant, Chief of Research in the Gartner Finance Practice… CONTINUE READING
