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LAS VEGAS - Oracle has unveiled the general availability of its Oracle Cloud Infrastructure (OCI) Generative AI (GenAI) Agents service, which includes retrieval-augmented generation (RAG) capabilities, at Oracle CloudWorld in Las Vegas. This service is designed to assist customers in applying artificial intelligence (AI) to real-world business operations more efficiently.
The newly released RAG Agent is the first in a series of OCI GenAI Agents. It provides customers with pre-packaged RAG capabilities, aiming to simplify the application of AI in business processes by eliminating the need for manual integration. The RAG Agent is engineered to reduce "hallucinations," or the generation of incorrect or nonsensical information, to ensure reliable outputs. It allows for the execution of RAG and similarity search functions directly on enterprise data stored in Oracle Database 23ai without transferring data to a separate vector database.
For organizations that prefer open-source solutions, the OCI GenAI Agents service also integrates with OCI Search with OpenSearch. This move is part of Oracle's effort to provide versatile and accessible AI solutions to developers and business users.
Among the key use cases for the OCI GenAI Agents are call center optimization, expediting legal research, revenue intelligence, and recruiting qualified job candidates. These applications are aimed at enhancing customer satisfaction, speeding up information retrieval, understanding purchase history and trends, and improving the recruitment process by allowing natural language interactions with the database.
Additionally, Oracle has expanded the OCI Generative AI offering to include access to Meta (NASDAQ:META)'s Llama 3.1 models and support for Cohere Command R and Command R+ models. These updates are part of a broader suite of AI innovations across OCI services, including OCI Data Science, OCI Language, OCI Document Understanding, OCI Vision, OCI Speech, and Oracle Code Assist.
Oracle's announcement reflects its commitment to integrating AI into various business environments rapidly. The company's expansion of AI services and capabilities is part of a strategy to provide customers with advanced tools to leverage data for competitive advantage.
This news is based on a press release statement from Oracle.
In other recent news, Oracle Corporation (NYSE:ORCL) has reported an 8% increase in total revenue to $13.3 billion, with a significant rise in cloud revenue of 22% to $5.6 billion, and Infrastructure as a Service (IaaS) revenue surging by 46%. The company has introduced a new AI-centric application development infrastructure, termed generative development (GenDev), built on Oracle Database 23ai technologies. Oracle has also unveiled new AI capabilities within its Oracle Fusion Data Intelligence suite and announced the beta release of Oracle Code Assist, an AI tool aimed at boosting developer productivity. Analyst firms CFRA, TD Cowen, and BMO Capital have responded to these developments by maintaining or adjusting their price targets for Oracle. The company plans to enhance its Oracle Data Intelligence Platform with the addition of Oracle Intelligent Data Lake by 2025 and integrate Oracle Cloud Infrastructure Zero Trust Packet Routing into its cloud network for enhanced security. These are some of the recent developments at Oracle Corporation.
InvestingPro Insights
Oracle Corporation (NYSE: ORCL) has been a prominent player in the software industry and continues to innovate with the release of its Oracle Cloud Infrastructure Generative AI Agents service. As Oracle pushes the boundaries of AI in business, it's worth noting that the company has maintained a consistent track record of dividend payments, having raised its dividend for 10 consecutive years. This reflects Oracle's financial stability and commitment to shareholder returns, which is an important consideration for investors looking at long-term value.
Looking at Oracle's financial metrics, the company boasts a significant market capitalization of $385.52 billion, underscoring its substantial presence in the market. However, with a Price/Earnings (P/E) ratio of 36.05 and a Price/Book (P/B) ratio of 44.29 as of the last twelve months ending Q4 2024, Oracle is trading at a high earnings multiple. This suggests that the stock may be valued richly relative to its near-term earnings growth, which is something investors should consider when evaluating the company's current stock price.
Despite these valuation multiples, Oracle's revenue growth remains solid, with a 6.02% increase over the last twelve months as of Q4 2024. This growth is indicative of the company's ability to expand its business operations and revenue streams effectively. Moreover, the company has seen a large price uptick over the last six months, with a 25.19% price total return, reflecting positive investor sentiment and the market's response to Oracle's strategic initiatives, including the expansion of its AI services.
For those interested in further insights on Oracle, InvestingPro offers additional tips that can help investors make informed decisions. There are currently 15 additional InvestingPro Tips available for Oracle, which can be accessed at InvestingPro. These tips provide deeper analysis and perspectives on Oracle's financial health and market position.
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