Oracle’s cloud offerings include storage, elastic compute, and container services. The idea is to lure AWS users over to the Oracle camp, or, more important, to keep Oracle database users from defecting to other public cloud providers that offer much cheaper database services.
Oracle is not alone in such defensive actions. Preventing customer defection to the cloud providers is now a huge thing with all big enterprise software providers. Many such providers had pushed back against public clouds as insecure follies. Now they have all changed their tunes. That’s good.