Oracle (NYSE:ORCL) Expands Multicloud Presence with New AI and Database Innovations

Oracle witnessed a 3% price increase over the past week, potentially due to several significant developments. The company announced an expanded collaboration with Lloyds Banking Group to enhance customer experience through a multicloud strategy, which included migrating databases to Oracle Database@Azure. Oracle also launched the AI Agent Studio for Fusion Applications and announced the availability of Exadata Database Service on Azure’s Exascale Infrastructure in 14 regions. These…