Oracle Jumps 8% After Expanding Google Gemini AI Deal
Updated
Updated · Bloomberg · Jul 30
Oracle Jumps 8% After Expanding Google Gemini AI Deal
1 articles · Updated · Bloomberg · Jul 30
Summary
Oracle shares climbed as much as 8.4% to $127.64 after the company said it would widen its Google Cloud partnership around Gemini artificial intelligence tools.
Gemini models will be offered to Oracle customers through AI Agent Studio for Fusion Applications, extending the companies’ AI tie-up into Oracle’s business software.
Oracle also said it plans to embed Gemini models in Oracle Fusion Applications and NetSuite, broadening the use of Google’s AI across its enterprise product lineup.