Oracle replaces the CEO Safra Catz with two participants

Oracle has announced that Safra Catz is stepped as an executive president yet 11 years at the headWith Clay Magoric and Mike Cecilia as participating. Magouyrk previously led the cloud infrastructure unit in Oracle, while Sicilia presides over the company’s applications and artificial intelligence products. Co -coS is now focusing on the leadership of Oracle “in the era of artificial intelligence”, ” According to a joint statementWith the signature of the company A $ 300 billion computing power deal with Openai Last week.

“Today, Oracle has been identified as the favorite cloud of both artificial intelligence training and reasoning. I’m very proud of that,” Katz said. “Technology and Oracle’s business have not been stronger. A breathtaking growth rate indicates a more prosperous future. At this time of strength is the right moment to pass the CEO’s role to the next generation of capable executives.”

CATZ will remain with the company as deputy chairman. Driving changes come at a time when China and the United States come near the final deal to sell Tiktok to an American consortium, with Oracle – the current TIKTOK partner in the United States – is called between Sibrux buyers. CATZ was also one of the technology leaders who were invited to forgery on the Donald Trump AI policies through White House dinner Earlier this month, he told the president that he “makes it possible for America to win.”