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Either way, one thing is certain: Companies are getting serious about cloud spend. And while Wall Street analysts hope the excitement over generative AI will drive customers to spend more money on cloud services next year, it's clear that optimization won't go away. "Cloud spend got big enough at most of the Fortune 500s that it's actually material now," Storment said. Cloud cost-cutting servicesTo save money on cloud services, customers often must first spend money. Customers aren't spending much on generative AI yetEven though "generative AI is the new sexy thing that everyone is exploring," the technology didn't come up in many conversations about budget, Lowell said.
Persons: Adam Selipsky, Werner Vogels, Sid Nag, Gartner, Nag, wasn't, Dave Linthicum, , Storment, Craig Lowell, Lowell, Linthicum, they're, Bernstein, Mark Schilsky, Ellen Thomas Organizations: Amazon Web, Business, AWS, Wall, Microsoft, Google, Deloitte, FinOps Foundation, Fortune, Venetian Convention, Expo, Companies Locations: Las Vegas, DoiT, ethomas@insider.com
Uber Signs Cloud Deals With Google and Oracle
  + stars: | 2023-02-13 | by ( Belle Lin | ) www.wsj.com   time to read: +5 min
Over 95% of Uber’s IT is currently housed in those data centers, he said. Uber declined to comment on how it plans to spread its data and applications between Google and Oracle’s cloud platforms. While Uber and Google have an existing partnership, the new cloud deal brings them closer together in other areas including launching new services, said Google Cloud Chief Executive Thomas Kurian. With Oracle, Uber is planning to integrate its freight business into Oracle’s cloud-based enterprise resource planning system, as well as other database-related projects, said Oracle Cloud Executive Vice President Clay Magouyrk. Mr. Zargahi said Uber eventually expects the cloud to cost less than its data centers, and will not renew certain data center leases as it moves to the cloud.
Over 95% of Uber’s IT is currently housed in those data centers, he said. Uber declined to comment on how it plans to spread its data and applications between Google and Oracle’s cloud platforms. PREVIEWA tipping point came during the Covid-19 pandemic, when supply-chain disruptions pushed IT hardware delivery timelines to more than 12 months, according to Mr. Zargahi. Mr. Zargahi said Uber eventually expects the cloud to cost less than its data centers, and won’t renew certain data center leases as it moves to the cloud. With Oracle, Uber also is planning to integrate its freight business into Oracle’s cloud-based enterprise resource planning system, as well as other database-related projects, said Oracle Cloud Executive Vice President Clay Magouyrk.
AWS CEO Adam Selipsky is pitching cloud as a cost-saver, while customers increasingly feel the burden of runaway cloud costs. But for customers, cloud bills are top of mind and putting pressure on their balance sheets, especially during the economic downturn. Ternary's client base is mostly big companies that need to manage their cloud costs generally because of their size, he said. It's easy for cloud costs to get out of control for big companies that have a lot of data and workloads in the cloud. But more and more, Ternary is getting interest from smaller companies looking to lower their cloud bills, he said.
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