A：The total revenue is expected to grow from 12% to 14% in constant currency and from 14% to 16% in U.S. dollars. Non-GAAP revenue is expected to grow between 8% to 10% and between 1.58 to 1.62 in constant currency.

A：AI is fundamentally transforming Oracle and the rest of the computer industry. Some world-class AI companies have chosen Oracle to build large-scale GPU-centric data centers for training AI models due to Oracle's efficiency and cost-effectiveness in data center construction.

A：AI inferencing will be used to run robotic factories, cars, greenhouses, perform biomolecular simulations for drug design, aid in diagnosis and laboratory results, automate financial markets, legal processes, sales processes, and create AI agents to automate sales and marketing processes.

A：Oracle is aggressively pursuing both the AI training and inferencing markets and is well positioned to be a winner in the inferencing market because it is the world's largest custodian of high-value private enterprise data.

A：The new AI database allows customers to vectorize all their data, making it understandable to AI models, and easily connect databases to the world's most extensive AI models available in the Oracle Cloud. This enables customers to ask complex questions using their private enterprise and publicly available data, while keeping their data secure.

A：The large language model can apply advanced reasoning to a combination of a company's private enterprise data and publicly available data to answer important questions without compromising the safety and security of the private data, thus providing well-reasoned answers with the latest and best information.

A：The company needs to change its database fundamentally to answer questions about how external factors like tariffs and steel prices affect quarterly results and product delivery.

A：Oracle's unique value proposition is its ability to deliver a ChatGPT-like experience on top of data due to having a secure and reliable database linked to all of its Is, which is more comprehensive than that of application companies.

A：Oracle is considered the de facto cloud for many customers because they offer a choice of using their public cloud or a competitor's public cloud with the Oracle database, and they can meet most customer needs in one way or another.

A：Oracle has developed the most advanced application generator, which is an AI that helps in building applications more efficiently. The latest applications are being generated by this AI, giving Oracle a significant advantage over other application companies.

A：Oracle does not charge separately for AI and applications because the applications are essentially a bunch of AI agents linked together with workflow. The goal is for customers to purchase the applications, not separately charge for the AI component.

A：The company has adopted the strategy of selling suites of applications instead of individual discrete applications. They believe this provides a competitive advantage because they can solve a larger portion of the problem for their customers, making it easier for them to consume all the pieces which are engineered to fit together, thus reducing the need for system integration across multiple vendors.

A：The company claims to have significant advantages in the application space and in AI inferencing. They can provide real-time answers to complex questions using customer data, such as identifying the top salesperson, the number one prospect in a territory, the recommended products to sell, and top references to persuade customers to use their product. They also have the capability to analyze Oracle Financials to identify features where users make the most errors and to make those features easier to use.

A：The company's infrastructure build-out strategy is characterized as asset-light, which means they focus on owning and engineering equipment optimized for the Oracle Cloud, rather than owning the building itself. This allows them to generate revenue quickly once the equipment is accepted by the customer, resulting in a faster return on investment. For the fiscal year, the company expects CapEx to be about $35 billion and aims to put the equipment in place and start generating revenue immediately. This strategy gives the company a good line of sight for their CapEx needs and the potential to scale quickly with increased capacity.

A：The company's competitive advantages in the AI training business stem from their networking capabilities which allow data to be moved very quickly, potentially providing performance advantages in their GPU superclusters. If they can offer services that are twice as fast at half the cost, they are able to differentiate themselves in the market and maintain a strong position, especially as customers are often price-sensitive and value high performance.

A：Enterprise customers are expected to adopt the technology for their data immediately after the introduction of the Oracle AI database, thanks to the latest inference reasoning models and enhanced security features provided by Oracle.

A：Previously, enterprises were hesitant to adopt AI due to a lack of understanding of how to implement it securely and the inability to share sensitive data with external entities like OpenAI. The Oracle AI database overcomes these challenges by ensuring data privacy while making it available for inference by AI models.

A：The Oracle AI database offers unique capabilities by vectoring with all the data in the database, providing elaborate security models, and bundling it with all of the AI models, making it easy for customers to use a combination of large language models on A with their enterprise data.

A：The demand for the Oracle AI database and its features is anticipated to be insatiable, as it fulfills a high need for accessing and understanding vast amounts of data with AI models.

A：Oracle plans to integrate its databases with cloud services, with many moving into the public cloud using the Oracle AI database and others opting for a Dedicated Region Oracle Cloud customer setup to use AI for their own data.

A：The new AI revenue offering is expected to be very high margin, contributing significantly to Oracle's revenue, with the potential to drive growth in the enterprise market.