Oracle Unveils AI Agents for Manufacturers at CloudWorld
Oracle has introduced new AI agents designed to optimize supply chain operations for manufacturers, leveraging the benefits of AI automation and efficiency.
These AI agents enable supply chain workers to enhance a range of tasks, including:
* Streamlining procurement processes
* Enhancing sustainability initiatives
* Automating routine administrative functions
Oracle's AI agents are integrated into its Oracle Fusion Cloud Supply Chain and Manufacturing platform, enabling employees to handle various aspects of their workflows efficiently, such as:
* Conducting product inspections
* Generating detailed delivery instructions
The adoption of AI agents is a key trend in the technology industry, with major players like Microsoft, Google, Amazon, and Nvidia recognizing their potential to automate mundane tasks and drive efficiency.
Oracle's announcement aligns with its participation in the Stargate Project, a joint venture with OpenAI and SoftBank to develop AI data centers across the US.
Despite holding a smaller market share than its cloud service rivals, Oracle has experienced significant growth in its cloud business. In Q2, cloud infrastructure revenue surged 52% to $2.4 billion, and cloud application revenue increased by 10% to $3.5 billion.
Oracle's stock has outperformed its competitors over the past year, appreciating by 41%. This growth indicates the company's strong position in the AI-driven technology landscape.