Oracle’s shares rose after announcing cloud deals with Google and OpenAI, despite missing on earnings and revenue. The company’s remaining performance obligation reached $98 billion, up 40% year over year, highlighting the success of their cloud services and data centers. Oracle’s CEO, Larry Ellison, emphasized the use of autonomous software robots in their cloud infrastructure, which includes language learning models and neural networks. The company’s focus on generative AI is expected to be a major driver of growth in the coming years.
