They may be gunning for AWS, azure, etc publicly but I'd bet the main consumers of this service will be existing Oracle ERP (and other business apps) customers.

They may be gunning for AWS, azure, etc publicly but I'd bet the main consumers of this service will be existing Oracle ERP (and other business apps) customers. They're already just fine with paying a fortune and having an iaas backing gives Oracle another way to squeeze a bit more out. We already run your erp in Oracle's iaas, you should bring your other applications up as well, and so on. Evil empire comments aside more cloud infrastructure competition is good for us all.