Oracle accelerated its succession plans for top leadership in recent months following a massive acceleration in its cloud business and stock market rally https://t.co/KeytpeShiz ...

Let's bring in Bloomberg's Brodie Ford, who covers Oracle. And it is a big change at the top. It is very sad for Cats has been one of the faces of Oracle for about a decade now, and folks familiar with Oracle's cloud business, which has become so important, will know Clay McGauchie has led that unit for a while.The fact that he is being elevated in this way maybe isn't a shocker. The timing is. They were both promoted Clay and Mike to President in June.Now all of a sudden they're becoming CEOs. And so it's ...

Core Viewpoint - Midea Group and Huawei have signed a strategic cooperation agreement to collaborate in various fields including enterprise management, AIGC, ICT infrastructure, green low-carbon initiatives, cloud services, product development, and internationalization [1] Group 1: Areas of Collaboration - The partnership will focus on building the Star Flash and Open Source Harmony ecosystem [1] - A special working group will be established to research the application of AI in smart home and smart manufacturing sectors [1]

to Microsoft with Steve Kovac. How's the cloud doing. >> The cloud is doing pretty well here, John.And we got for the very first time ever, Microsoft disclosing how much revenue it's made in its Azure cloud business for the full fiscal year. That number they say surpassed $75 billion, which they say is up 34% from the prior fiscal year. Remember, the fiscal year just ended last quarter.Uh, and as you know, John, they never disclose how much revenue Azure makes. They just give that growth rate, which they st ...

Core Insights - Google Cloud has significant potential for growth, particularly in the context of the ongoing competition with OpenAI and its ChatGPT product [1] - Data indicates that ChatGPT is not disrupting Google Search, which may provide a stable environment for Google Cloud to expand [1] - OpenAI may be leveraging Google Cloud services to enhance ChatGPT, which could serve as a positive factor for Google in its goal to build a $1 trillion cloud business [1] Summary by Categories Company Performance - Google Cloud is positioned to benefit from its relationship with OpenAI, potentially enhancing its service offerings and market presence [1] - The collaboration with OpenAI could lead to increased usage of Google Cloud services, contributing to revenue growth [1] Industry Trends - The competitive landscape between Google and OpenAI highlights the importance of cloud services in the AI sector [1] - The data suggests that despite the rise of AI tools like ChatGPT, traditional search functionalities remain robust, allowing Google to maintain its market share [1]