Oracle names Clay Magouyrk and Mike Sicilia as co-CEOs

Leadership Transition - Oracle CEO Safra Catz stepping down after 11 years, becoming executive chair [1] - Clay McGorick and Mike Sicilia appointed as co-CEOs, emphasizing technical leadership [1] - The transition reflects a shift towards technical expertise over traditional management [3] Strategic Focus - Oracle is experiencing significant AI-driven demand [2] - Oracle is part of a consortium to control 80% of TikTok's US operations [2] - Oracle is reportedly in talks with Meta for a $20 billion cloud deal to power AI model training and deployment [3] TikTok Deal Implications - The new technical leadership is relevant to the TikTok deal, focusing on AI infrastructure and applications [5] - Oracle would play a significant role in monitoring and retraining TikTok's algorithm in the US [4] Financial Performance - Oracle's stock has soared 95% this year [3]