Oracle launches new AI healthcare centre following new OpenAI partnership

US multinational software company Oracle has announced the launch of a new AI healthcare centre to improve the incorporation of AI in the healthcare industry.

Oracle Health announced the Oracle AI Center of Excellence for Healthcare, which it said allows organisations to improve their AI rollouts and maximise the benefits of the technology.

“AI is fundamentally changing every industry, and the opportunities for AI-fueled transformation in healthcare are innumerable,” said Seema Verma, executive vice president and general manager of Oracle Health and Life Sciences.

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“By delivering a robust set of resources and expertise, the Oracle AI Center of Excellence for Healthcare helps healthcare organisations improve patient care, unlock deeper research, and streamline complex workflows.”

According to Tebra, 86 per cent of healthcare employees have implemented AI-powered tools in their workflows, leading to increased efficiency. Additionally, the global AI market in healthcare is set to reach US$188 billion by 2030, a dramatic increase from US$11 billion in 2021, according to a report by Grand View Research.

Oracle’s new AI centre will provide organisations with access to a team of Oracle experts for the testing and implementation of AI products, a major resource library on AI and working sessions to allow early-stage AI innovations to be tested across the Oracle software environment.

The launch of the centre comes just as the company signed a deal with AI giant OpenAI, which would see the AI giant purchase US$300 billion worth of computing power from Oracle, starting in 2027.

Oracle and OpenAI started working together in 2024, when the AI company began using Oracle’s compute power. Not long after, it began depending on more than just Microsoft Azure for cloud computing.

It is unclear whether or not OpenAI is involved in the AI Center for Excellence for Healthcare.

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The deal between Oracle and OpenAI, among other deals, led to an over 40 per cent share increase for Oracle, which briefly made co-founder Larry Ellison the richest man in the world, with a value of US$393 billion, surpassing Elon Musk’s US$384 billion.

Daniel Croft

Born in the heart of Western Sydney, Daniel Croft is a passionate journalist with an understanding for and experience writing in the technology space. Having studied at Macquarie University, he joined Momentum Media in 2022, writing across a number of publications including Australian Aviation, Cyber Security Connect and Defence Connect. Outside of writing, Daniel has a keen interest in music, and spends his time playing in bands around Sydney.

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Oracle launches new AI healthcare centre following new OpenAI partnership

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