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Oracle declines on concerns about fulfilling AI cloud demand

Oracle fell the most in almost nine months after giving its long-range financial outlook, down as much as 8.2% Friday in New York.

Brody Ford

Still, investors are waiting to see a more significant revenue contribution from Agentforce.

Microsoft on Tuesday said it would cut about 6,000 workers across the company.

Technology companies have grown more accustomed to regular job reductions after a massive wave of layoffs at the start of 2023.

“We want to get a billion agents with our customers in the next 12 months,” Benioff said.