Oracle names insiders Clay Magouyrk, Mike Sicilia as co-CEOs
Oracle named insiders Clay Magouyrk and Mike Sicilia as co-CEOs, replacing Safra Catz, who is credited with steering the firm's AI strategy. Sicilia currently heads cloud-based apps and AI products, while Magouyrk manages Oracle's underlying cloud infrastructure platform that powers these apps. The naming comes at a time when tech firms are investing billions in expanding their AI framework.