Veytics Intelligence
2026-09-20 · Yahoo

Oracle CEO sends AI wake-up call to employees

Oracle (ORCL) is shelling out billions to effectively power the AI revolution. However, inside the company, its employees are confronting a harder reality, where faster work does not automatically mean faster results. Co-CEO Clay Magouyrk told staff that AI was accelerating coding without getting products into customers' hands sooner, according to Business Insider. The bottlenecks simply moved elsewhere. Investors are already restless. Oracle shares were down nearly 23% this year by Sept. 11, then lost another 1.8% the following week, closing at $147.61. For employees navigating layoffs and an expensive infrastructure expansion, the stakes extend beyond learning another chatbot. Oracle's internal rollout has attracted rapid adoption.

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