Oracle Unveils AI Agents for Supply Chain Management at CloudWorld

Oracle (ORCL), following its announcement of the Stargate Project with OpenAI and SoftBank, debuted AI agents designed for manufacturers at its CloudWorld event in Austin.

These specialized bots automate mundane tasks and provide assistance with a range of supply chain processes, from procurement to sustainability.

The AI Agent Revolution

Companies like Microsoft (MSFT), Google (GOOG), Amazon (AMZN), and Nvidia (NVDA) recognize the potential of AI agents to streamline operations.

Oracle's executive vice president, Chris Leone, highlighted their ability to "ease the administrative burden" and improve supply chain efficiency.

Integration and Capabilities

Oracle's AI agents are accessible through Oracle Fusion Cloud Supply Chain and Manufacturing, enabling employees to address tasks such as product inspections and delivery instructions.

Oracle's AI Ambitions

The AI agent launch is part of Oracle's broader AI strategy, following the Stargate Project announcement. The project aims to invest up to $500 billion in AI data centers across the US.

Market Share and Growth

Oracle's cloud service trails Amazon, Microsoft, and Google in market share, but it has experienced growth.

In Q2, Oracle reported a 52% increase in cloud infrastructure revenue and a 10% growth in cloud application revenue.

Stock Performance

Oracle's shares have surged 41% in the past year, outperforming Microsoft and Google.