10 Buzzing AI Stocks on Latest News and Ratings

4. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 97

On June 3rd, Oracle Corporation (NYSE:ORCL) unveiled AI-powered enhancements to the Oracle Utilities Customer Platform, helping deliver fast, accurate meter data management (MDM) and streamlining utility operations.

The enhancements aim to simplify work for employees and improve performance across the platform, which powers metering, operations, and billing, sales and account management, customer service, and customer engagement, all in a single solution.

According to Oracle, the AI enhancements not only accelerate data processing speeds but also cut down operational costs and improve utility customer service. The Oracle Utilities Customer Platform integrates embedded AI and a unified data framework to help utility companies make smarter decisions using accurate meter readings.

“Globally, utilities have a multibillion-dollar opportunity to use AI to transform customer service and operations. With system complexity, costs, and customer needs all growing, it’s getting difficult and expensive for many utilities to keep up. We’re helping utilities tackle these challenges in ways just now becoming possible. By bringing AI and in-memory meter data processing into the Oracle Utilities Customer Platform, we’re helping our clients streamline operations, cut costs, and deliver a more satisfying customer experience.”

-Paul McDonald, vice president of product for Oracle Utilities.

Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider.