Oracle expands Google Cloud partnership with AI database tools

AUSTIN, Texas - Oracle (NYSE:ORCL) announced an expansion of its partnership with Google Cloud on Tuesday, introducing the Oracle AI Database Agent for Gemini Enterprise and new capabilities for Oracle AI Database@Google Cloud. The software giant, with a market capitalization of $521 billion, currently trades below its InvestingPro Fair Value, suggesting potential upside for investors. According to InvestingPro Tips, Oracle remains a prominent player in the Software industry.

The Oracle AI Database Agent, available through Google Cloud Marketplace, allows Gemini Enterprise customers to query Oracle databases using natural language instead of SQL. The agent interprets requests, queries Oracle data, and delivers insights without moving or duplicating data, according to a press release statement.

"We’re making it easier for customers to use natural language to access, understand, and act on enterprise data by combining the Gemini Enterprise experience with Oracle’s industry-leading database performance, security, and governance," said Nathan Thomas, senior vice president of product management at Oracle Cloud Infrastructure.

Oracle AI Database@Google Cloud is now available in 15 regions, including Tokyo, Mumbai, Frankfurt, London, and several U.S. locations. The company plans to expand to additional regions within 12 months, including Turin and Mexico. The expansion comes as Oracle generated $64.08 billion in revenue over the last twelve months, with revenue growth of nearly 15%, though the stock has declined 33% over the past six months.

New capabilities include Oracle Cloud Infrastructure GoldenGate for real-time database migration and Oracle Autonomous AI Lakehouse integration with Google BigQuery. The GoldenGate service enables customers to migrate Oracle databases to Oracle AI Database@Google Cloud and integrates with BigQuery for near real-time analytics.

Worldline, a European payments provider, is using Oracle Exadata Database Service on Oracle AI Database@Google Cloud to modernize its payment processing platform. "Oracle AI Database@Google Cloud gives us the scalability, resilience, and security capabilities we require to support real-time transaction processing at global scale," said Arni Smit, director of software engineering at Worldline.

AI Shift, a CyberAgent subsidiary in Japan, uses Oracle Autonomous AI Database and plans to deploy the Oracle AI Database Agent to help customers expand their Oracle AI Database deployments to Google Cloud. For deeper insights into Oracle’s financial health and growth prospects, investors can access comprehensive Pro Research Reports, available for Oracle and 1,400+ other US equities on InvestingPro.

In other recent news, Oracle has announced plans to expand its multicloud networking capabilities in collaboration with Amazon Web Services (AWS). This initiative will enable connectivity between Oracle Cloud Infrastructure and AWS, allowing for private, managed connections to run applications and move data. The announcement has contributed to Oracle’s stock gaining 3.8%, driven by strength in the technology sector and the AWS partnership. Additionally, Oracle is nearing the completion of a $38 billion loan package for its data center projects in Texas and Wisconsin, with JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group leading the effort.

In another development, Citizens maintained its Market Outperform rating on Oracle following an expanded strategic partnership with Bloom Energy. The partnership involves Oracle contracting an initial 1.2 GW of capacity, with the potential to increase to 2.8 GW. These recent developments underscore Oracle’s ongoing efforts to strengthen its position in the tech industry through strategic collaborations and infrastructure investments.

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