AUSTIN - Reka, a notable AI firm, has announced a collaboration with Oracle to provide its advanced generative AI models on Oracle Cloud Infrastructure (OCI). These models, which integrate text, images, and videos, are now accessible to enterprise customers through the Oracle Cloud Marketplace.
The partnership aims to leverage OCI's AI infrastructure, powered by NVIDIA (NASDAQ:NVDA) GPUs, to further Reka's development of AI solutions for businesses. Reka's multimodal AI models, which support over 20 languages, are designed to assist organizations in creating AI applications for a variety of tasks, including content generation and data analysis.
Reka, founded by veterans from DeepMind, Google (NASDAQ:GOOGL) Brain, and FAIR, has been at the forefront of AI research, creating models that enable new business use cases by analyzing data and taking direct actions. The company's models, Reka Core and Reka Flash, will be offered via private offers on the Oracle Cloud Marketplace, which serves as a hub for enterprise applications from Oracle and its partners.
Oracle's senior vice president, Greg Pavlik, highlighted Reka's efforts to push performance boundaries with the training of its multimodal foundation models on OCI Supercluster. He expressed enthusiasm about delivering these capabilities to Oracle customers globally.
The OCI platform provides high-performance capabilities for AI model development, boasting up to 4,096 compute instances and 32,768 NVIDIA H100 Tensor Core GPUs. This enables rapid scaling and deployment of large language models and applications in various AI domains.
Oracle's dedicated engineering support team assists customers throughout the deployment process, ensuring successful integration and utilization of AI technologies.
The information for this article is based on a press release statement.
InvestingPro Insights
Oracle Corporation (NYSE: NYSE:ORCL), a key player in Reka's recent AI collaboration, is currently trading at a high Price/Earnings (P/E) ratio of 30.7, indicating investor confidence in its earnings capacity relative to its current share price. However, with a Price/Book ratio of 57.98 as of the last twelve months ending Q3 2024, the stock also reflects a significant premium compared to its book value. This could be a point of caution for value-oriented investors considering the stock's valuation multiples.
Despite some analysts revising their earnings expectations downwards, Oracle has demonstrated a strong financial foundation with a 9.49% revenue growth over the last twelve months leading up to Q3 2024. The company's commitment to shareholders is evident through its consistent dividend payments, having raised dividends for 10 consecutive years and maintained them for 16 consecutive years.
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