15 AI News Investors Should Not Miss

6. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 93

Oracle Corporation (NYSE:ORCL) is one of the world’s largest database management companies offering products and services that address enterprise information technology environments globally. The company boasts one of the world’s first autonomous databases, as well as the industry’s broadest and deepest suite of AI-powered cloud applications.

On October 29, Oracle Corporation (NYSE:ORCL) previewed its next-generation electronic health record (EHR) at the Oracle Health Summit in Tennessee. The brand new EHR features fresh cloud and artificial intelligence capabilities and is the company’s most significant healthcare product update since it acquired the medical records giant Cerner for $28 billion back in 2022.  The new EHR will help doctors pull up patient information with the help of their voice, helping them spend less time searching for information and more time helping the patients. This new offering is also highly likely to help Oracle strengthen its position in the competitive EHR market.

 “One of today’s most important and widely used healthcare technologies, the EHR, has not lived up to its promise. Most EHRs were built in the 90s and are ill-equipped to meet the complex security requirements and clinical needs of today’s healthcare networks, practitioners, and patients. That is why we are completely reinventing the EHR. Oracle Health’s next-generation EHR is not just a scribe or an assistant. It’s the doctor’s best resident, the administrator’s most productive analyst, and the payer’s most efficient partner in reviewing and authorizing treatment and payment.”

– Seema Verma, executive vice president and general manager, Oracle Health and Life Sciences.