Highlights from Oracle CEO Safra Catz’s keynote speech at CloudWorld, including discussions with notable customers like Uber and Loblaw about the transformative role of Oracle technology in their businesses.
Salesforce
IBM and Salesforce collaborate for customer relationship management (CRM), leveraging generative AI to enhance customer experience and productivity.
Salesforce has overtaken SAP in recent quarterly revenue, but SAP leads in trailing-12-month revenue as they vie for the title of the world’s largest enterprise applications vendor in a competitive enterprise software market.
Here’s a look into the intense competition between SAP and Salesforce to become the world’s largest applications vendor, highlighting their quarterly, trailing-12-month, and long-term revenue comparisons and the significance of this competition in the evolving cloud market.
AI Index Episode 9: The U.S. DOD launches its generative AI Task Force; Salesforce Ventures invests $200 million in Hugging Face; and Lex provides AI-powered writing tools.
During the Salesforce earnings call, Marc Benioff emphasized the company’s “incredible” performance but neglected to comment on its revenue growth.
Despite Marc Benioff saying the company’s performance is “incredible”, Salesforce’s Q2 growth rates demonstrate otherwise.
The Cloud Wars Top 10 are in the thick of quarterly financial reports. The numbers and outlook are making it clear: some investment caution is dissipating.
Integrating generative AI, natural language prompts, large language models, and machine learning augments the power of customer experience applications.
The Cloud Wars Top 10 companies are projected to generate $359.4 billion in cloud revenue in 2023, despite economic challenges, with Microsoft leading at a growth rate of 21.6%, while Oracle is the fastest-growing member with a 38.8% growth rate.
Projected growth rates for the Cloud Wars Top 10 companies in 2023 showcase the sector’s resilience and rapid expansion.
An update on the Cloud Confidence Index, with Amazon, Google, and SAP leading the index higher.
The Cloud Confidence Index uses market caps of top 10 cloud companies as a proxy for business leaders’ confidence in their growth, reflecting customer demand and technology trends. The index is up slightly.
Oracle maintains its position as the world’s hottest major cloud vendor with 54% growth in Q2, followed by Google Cloud at 28% and ServiceNow at 25%.
The four fastest growing cloud vendors’ financial results indicate an upturn in customer spending and preparation for the generative AI revolution.
Salesforce’s evolving strategy prioritizes customer-centric innovation, AI integration, and higher profits. It ranks number 8 on the Cloud Wars Top 10.
Celonis co-CEO Alex Rinke lists scalability, innovation, and embedded knowledge as his firm’s top three differentiators in a discussion for Process Mining Battleground.
Databricks recently acquired MosaicML for $1.3 billion, and the combined firms are poised to develop robust machine learning and generative AI capabilities for enterprises.
AI Index Report episode 3: IBM releases watsonx.ai platform for enterprises; Databricks acquires MosaicML for $1.3 billion; and Amazon announces Amazon CodeWhisperer copilot.
Bob Evans shares his thoughts on Salesforce’s 9% price increase across many of its product lines, and suggests competitors Oracle and SAP will respond aggressively.