Last Updated on January 31, 2025 by SPN Editor
Oracle (ORCL), hot on the heels of its announcement regarding the massive Stargate Project in collaboration with OpenAI and SoftBank, has unveiled its latest AI agents targeted at manufacturers during the CloudWorld event in Austin on Thursday.
These AI agents are specifically designed to support supply chain workers in a variety of roles, from procurement to sustainability. AI agents are advanced artificial intelligence bots capable of taking actions on behalf of users, either autonomously or under user supervision, across multiple applications.
According to Chris Leone, Oracle’s Executive Vice President of Applications Development, “Our new AI agents for supply chain management help ease the administrative burden by streamlining workflows and automating routine tasks to enable greater accuracy and efficiency, smarter decision-making, and ultimately, a more agile and responsive supply chain.”
Oracle’s latest AI offerings, available through its Oracle Fusion Cloud Supply Chain and Manufacturing platform, are intended to assist employees with tasks ranging from product inspections to providing detailed delivery instructions for goods. While Oracle’s cloud service ranks below that of Amazon, Microsoft, and Google in overall market share, the company is riding the same AI wave as its larger competitors.
In Q2, Oracle reported earnings just short of analysts’ estimates, causing shares to fall following the announcement. However, cloud infrastructure revenue for the quarter rose by 52% to $2.4 billion, while cloud application revenue increased by 10% to $3.5 billion.
The introduction of these new AI agents highlights Oracle’s commitment to staying ahead in the competitive AI market. As the AI war intensifies, companies are investing heavily in advanced AI technologies to gain a competitive edge and redefine business operations.
Oracle’s new AI agents are poised to transform various aspects of business, from sales and marketing to supply chain management and human resources. These innovations aim to empower organizations to achieve new levels of productivity and efficiency.
As the battle for AI dominance continues, Oracle’s latest offerings highlights the critical role AI will play in shaping the future of business and technological advancements. The company’s dedication to integrating AI into its products highlights the importance of staying at the forefront of technological progress.
Shares of Oracle Rises Amidst AI Agents Debuts
Oracle Corporation (ORCL) closed at $170.38, marking an increase of $8.36 (+5.16%) by the close of the trading day at 4:00:02 PM EST. During after-hours trading, the stock experienced a slight uptick, reaching $170.49 with a gain of $0.11 (+0.06%) as of 7:59:56 PM EST.
Over the past year, Oracle’s shares have surged by 41%, significantly outperforming Microsoft’s 7% rise and Google’s 27% gain. However, Amazon still leads the pack with an impressive 47% increase in the same period. This remarkable growth in Oracle’s share value underscores the company’s strong performance and competitive positioning in the market.