Oracle launches Java 24 with AI and crypto features

AUSTIN, Texas - Oracle Corporation (NYSE: ORCL), a prominent player in the software industry with a market capitalization of $423.44 billion, has announced the release of Java 24, the latest iteration of the widely used programming language and development platform. According to InvestingPro, Oracle maintains strong financial health with a gross profit margin of 71.12%. The new version introduces enhancements aimed at boosting developer productivity and includes features for artificial intelligence (AI) and post-quantum cryptography. The announcement coincides with the JavaOne 2025 conference currently taking place in Redwood Shores, California.

Java 24 incorporates 24 JDK Enhancement Proposals (JEPs) that cover various aspects of the language, from performance and stability improvements to new language features and security updates. Notable among these are JEPs that facilitate pattern matching with primitive types, improve the reliability of code through flexible constructor bodies, and simplify the import process of modular libraries.

Developers working with AI will find the Vector API and Stream Gatherers beneficial, as these enhancements are designed to optimize vector computations and streamline data transformations, respectively. The Vector API, in particular, aims to compile vector computations into efficient runtime instructions, which could prove advantageous for AI inference and compute scenarios.

Security enhancements in Java 24 include a Key Derivation Function API and implementations of quantum-resistant cryptographic algorithms. These updates are part of Oracle’s efforts to prepare Java applications for future quantum computing environments and to ensure data security against potential quantum computing threats.

Java 24 also focuses on improving the maintainability and efficiency of multithreaded code with the introduction of structured concurrency. This API simplifies concurrent programming by treating groups of related tasks as a single unit of work.

In line with modern software development practices, Oracle is also deprecating and preparing to remove certain outdated features. This move underscores the company’s commitment to maintaining the integrity of the Java platform.

Oracle highlights the benefits of deploying Java on Oracle Cloud Infrastructure (OCI), emphasizing increased innovation, performance, efficiency, and cost savings. The Oracle Java Universal SE Subscription offers comprehensive support, including access to Oracle GraalVM and the Java Management Service, aiding IT organizations in managing complexity and containing costs. The company’s focus on cloud infrastructure appears to be paying off, with revenue growing at 6.23% over the last twelve months to $55.78 billion.

The release of Java 24 reflects ongoing collaboration between Oracle and the global Java community through OpenJDK and the Java Community Process. This collaborative effort ensures a steady stream of new features and improvements for Java developers. For investors seeking deeper insights into Oracle’s financial performance and growth prospects, InvestingPro offers comprehensive analysis through its Pro Research Report, available as part of its coverage of 1,400+ top US stocks.

The information provided is based on a press release statement from Oracle.

In other recent news, Oracle Corporation’s third fiscal quarter results revealed a mixed performance, with revenue falling short of expectations due to slower-than-anticipated growth in Oracle Cloud Infrastructure and foreign exchange headwinds. Despite this, Oracle’s Remaining Performance Obligations (RPO) showed robust growth, increasing 63% year-over-year on a constant currency basis, with a total exceeding $130 billion. TD Cowen analysts maintained a Buy rating on Oracle, with a price target of $210, citing strong third-quarter bookings and a leading position in AI training. They anticipate Oracle’s growth rates to double within the next year, driven by the operationalization of data centers. Meanwhile, Citi analysts cut their price target for Oracle to $160, maintaining a Neutral rating, while Bernstein reduced theirs to $207, retaining an Outperform rating. Both firms noted Oracle’s strong RPO growth and future revenue guidance, despite the revenue miss. Additionally, Oracle is reportedly in the lead to assist TikTok operations under a new deal, potentially storing U.S. user data on Oracle servers. These developments highlight Oracle’s strategic positioning and potential for growth in the AI and cloud markets.

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