BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Oracle Leadership Shift Amid AI Focus and TikTok Deal Speculation
Oracle Leadership Shift Amid AI Focus and TikTok Deal Speculation
16
1
BTCCSquare news:
Oracle announced a significant leadership change as CEO Safra Catz steps down, replaced by co-CEOs Clay Magouyrk and Mike Sicilia. Magouyrk previously led Oracle Cloud Infrastructure, while Sicilia oversaw Oracle Industries. The transition underscores Oracle's commitment to capitalizing on AI opportunities, integrating infrastructure, data, and applications.
William Blair analyst Sebastien Naji expects the new leadership to maintain Oracle's strategic direction, with further details likely emerging at next month's AI World event. Meanwhile, reports suggest the U.S. and China are nearing a deal on TikTok's sale, potentially involving Oracle's cloud infrastructure.
By:
