Oracle Replaces Catz With Two Co-CEOs

Group 1 - Oracle is taking over the algorithm for TikTok's US business, indicating a significant strategic move in the tech landscape [1] - The company announced a CEO change, with Safra Catz transitioning to vice chair after 26 years, highlighting a shift in leadership dynamics [2] - The new co-CEOs, who have been with Oracle since 2014, are expected to drive the company's focus on cloud infrastructure and AI applications [3][4] Group 2 - The appointment of co-CEO Clay as a key figure in cloud infrastructure reflects Oracle's commitment to enhancing its market position in this area [3] - Mike Sicilia, the other co-CEO, brings deep knowledge of AI applications, signaling Oracle's intent to expand its capabilities in this growth sector [3][4] - The leadership change is seen as a strategic move to align Oracle's operations with current market demands, particularly in cloud and AI [2][4]