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Oracle: AI Accelerates Software, Doesn't Replace It
14 Sep
Summary
- AI will enhance software use, not replace existing applications.
- AI agents will handle tasks, freeing humans for supervisory roles.
- Oracle's cloud revenue surged 60% as overall software revenue dipped.
Oracle co-CEO Mike Sicilia has asserted that artificial intelligence acts as an accelerator for software, rather than a replacement for existing packaged applications. He emphasized that enterprise suites provide essential standardized processes and rules that AI cannot currently substitute. Sicilia foresees AI agents taking over tasks within current business workflows, enabling human employees to shift into supervisory capacities. This evolution is anticipated to drastically reduce the time and cost associated with deploying enterprise applications, leading to faster return on investment for customers.
Oracle is preparing to introduce a new agentic AI accelerator next month to automate parts of SaaS implementation. This development comes as the company navigates financial shifts; while overall software revenue saw a 3% decrease, its cloud revenue, encompassing infrastructure and AI services, surged by 60%. Quarterly SaaS revenue also rose by 10%. Oracle's outlook remains that AI will refine software interfaces but not eliminate the underlying software architecture.
