Oracle Corporation ( ORCL ) shares are trading higher on Thursday after the company introduced new role-based AI agents for one of its solutions.

What Happened: Oracle Fusion Cloud Human Capital Management (HCM), part of the Oracle Fusion Cloud Applications Suite, is a comprehensive solution that integrates every HR process from hire to retire.

The tool is expected to enhance the employee experience and improve workforce productivity for HR and business leaders.

These AI agents, which is now available to customers, streamlines complex workflows by automating repetitive tasks, enabling employees to focus on more meaningful work.

The AI agents integrated into Oracle Cloud HCM enhance the employee experience and productivity by providing personalized career support, automating administrative tasks, and simplifying processes such as onboarding, contracts, performance reviews, and perks management.

Why It Matters: “The new AI agents in Oracle Cloud HCM help HR and business leaders automate some of the most time-consuming tasks, enabling employees to focus on work that really matters, and unlocking new levels of productivity across their workforce,” Oracle EVP Chris Leone said.

Last month, the tech giant teamed up with Elon Musk's Starlink, the largest satellite network globally, to improve connectivity for its Enterprise Communications Platform (ECP).

Investors can gain exposure to the stock via Pacer Funds Pacer Data and Digital Revolution ETF and iShares Expanded Tech-Software Sector ETF .

Price Action: Oracle shares are trading higher by 1.01% at $173.40 premarket on the last check Thursday.

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