Oracle struggles to define its AI strategy as latest earnings slump

Oracle struggles to define its AI strategy as latest earnings slump

Software giant Oracle seems to be uncertain about its return on investment (ROI) when it comes to AI. Oracle’s fiscal third-quarter earnings revealed on Monday left much to be desired for investors. Shares of Oracle have reportedly climbed 5% in after-hours trading before sinking 3% as investors digested the missed targets. The stock was still off slightly in pre-market trading Tuesday.

These shortfalls come in the wake of Oracle CTO, Larry Ellison’s belief of…

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