Part 3/5:
Oracle's CEO, Safra Catz, maintained an optimistic tone amidst the report's shortcomings, acknowledging record levels of demand for AI which have propelled the Cloud infrastructure revenue up by an impressive 52% in Q2. Catz did not shy away from directly comparing Oracle's performance with competitors, noting the company's faster growth rate than major cloud providers in a highly competitive market. Moreover, Larry Ellison, Oracle’s chairman and CTO, touted the company's infrastructure capabilities, stating that Oracle is training several significant generative AI models, claiming superior speed and cost-effectiveness compared to rival clouds.