Oracle wades into outcome-based AI billing waters

Cloud revenues are booming, as are infrastructure investment costs at Oracle, this week’s release of the company’s fourth quarter financial results revealed. During a conference call with analysts, newly appointed CFO Hilary Maxson said that cloud infrastructure revenue grew 93% year-over-year, which she said reflected demand for AI workloads and database services. The company, therefore, plans to invest upward of $70 billion in capital expenditures next year, driven by committed customer demand