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Oracle (ORCL), fresh from announcing its role in the massive Stargate project next to OpenAi and Softbank, debuted his latest AI agents aimed at manufacturers during his Cloudworld event in Austin Thursday.
The agents are designed to help Supply Chain employees with a large number of jobs, ranging from purchasing to sustainability. AI agents are specialized AI bots that can take action on behalf of a user, either autonomously or with their supervision, over multiple apps.
Companies ranging from Microsoft (MSFT) and Google (Google, Googl) to Amazon (AMZN) and NVIDIA (NVDA) push AI agents as the next big step in AI evolution thanks to their ability to streamline everyday but time-consuming tasks.
“Our new AI agents for Supply Chain Management help relieve the administrative burden by streamlining workflows and automating routine tasks to make greater accuracy and efficiency, smarter decision-making and ultimately a more agile and response supply chain possible,” Oracle Executive Vice President of Applications Development Chris Leone said in a statement.
The idea behind the latest offer of Oracle, which is available through the Oracle Fusion Cloud Supply Chain and Manufacturing Platform, is to help employees deal with everything, from product inspections to providing detailed delivery instructions for goods.
The AI agent explosion is part of the efforts of the technical industry to squeeze more possibilities from its enormous investments in AI technologies. Microsoft has released its own AI Agent Builder as part of his Copilot Studio, while Google has his corner point AI Agent Builder.
Oracle’s announcement comes after the chairman of the company, Larry Ellison, Sam Altman and Softbank CEO Masayoshi Son, CEO of OpenA, has affiliated with OpenAi to announce their joint Stargate project, which wants to spend a whopping $ 500 billion to AI data centers in the US.
The first data center is currently under construction in Texas.
Oracle’s Cloudservice is under that of Amazon, Microsoft and Google in terms of the general market share, but the company runs on the same AI golf as its larger competitors. In Q2, Oracle reported just behind the estimates of analysts, so shares fell after the announcement.
That said, the turnover of the cloud infrastructure for the quarter increased by 52% to $ 2.4 billion, while the turnover of the cloud application increased by 10% to $ 3.5 billion.
Shares of Oracle have risen sharply in the past year and 41% have been climbed in the last 12 months. That is much better than the 7% increase in Microsoft and the improvement of 27% of Google. Amazon, however, has Oracle Beat and jumps 47%in the past year.
