Oracle will continue to provide cloud services for a new U.S. version of TikTok, a White House official said Monday. ...

Let's turn to this leadership shakeup at Oracle today. The company naming two new CEOs. Clay McGor and Mike Cecilia.Sappercatz will serve as the executive vice chair. Stocks jumping today and up more than 90% as you might know for the year. Joining us this morning's head of tech research Ben Writes can talk about this along with some other topics too.Morning Ben, good to see you. Carl, great to be here. So we had a big discussion this morning about why now uh and does it sort of if Kat is trying to exit at ...

Oracle on Monday named insiders Clay Magouyrk and Mike Sicilia as co-CEOs, replacing Safra Catz, who was instrumental in shaping the company’s cloud strategy and thrusting it to the forefront of the ongoing AI boom with big contract wins.In her 11 years at the helm, Catz turned Oracle into a cloud powerhouse from a database provider by fiercely competing for a share of the lucrative data center business with Microsoft and Alphabet, while helping drive its market capitalization to nearly a trillion dollars.S ...

The White House is definitely keen to get a deal done. And uh as you said, there are multiple parties involved. Oracle is the publicly traded entity that's uh front and center in terms of being the lead company that will be owning Tik Tok along with these other private investors.And look, at the end of the day, it's clear the algorithm would be rewritten or they would be licensing it. that is that was a sticking point all along. So, uh Oracle already has the data for Tik Tok in their data centers.So, that p ...

The US now nearing a deal with China over Tik Tok after months of negotiations. The president saying the Murdoch, Larry Ellison, Michael Dell are involved in that deal. Our Julia Borston has details in today's tech check.Morning, Julia. >> Good morning, Carl. Well, a deal for Tik Tok's future is starting to come together with President Trump expected to sign an executive order later this week.Then there'll be another 100 day period 120day period for the deal to close. Now central to this new deal existing i ...

Oracle is shaking up its executive suite as it sets its sights set on AI infrastructure dominance. The company announced Monday that it is promoting Clay Magouyrk and Mike Sicilia to co-CEO roles. Magouyrk joined Oracle in 2014 from Amazon Web Services. He was a founding member of Oracle’s cloud engineering team and has served as the president of Oracle’s cloud infrastructure business unit for more than a decade. Sicilia has served as the president of Oracle’s industries division since June. He held sev ...

Oracle is shaking up its executive suite as it sets its sights set on AI infrastructure dominance. The company announced Monday that it is promoting Clay Magouyrk and Mike Sicilia to co-CEO roles.  Magouyrk joined Oracle in 2014 from Amazon Web Services. He was a founding member of Oracle’s cloud engineering team and has served as the president of Oracle’s cloud infrastructure business unit for more than a decade.   Sicilia has served as the president of Oracle’s industries division since June. He held sev ...

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Spirit Airlines is planning to furlough about 1,800 flight attendants, roughly a third of its cabin crew members, to cut costs as the budget airline struggles in its second bankruptcy in less than a year."As we work to return Spirit to profitability, we face difficult decisions about our network, our fleet, and ultimately our workforce," John Bendorait ...

Will eliminate 221 positions across its Milpitas and San Francisco offices, including 157 in Santa Clara County and 64 in San Francisco, effective October 13, according to filings with California’s Employment Development Department reported by the San Francisco Chronicle. The cuts are part of the company’s broader workforce-reduction strategy.Is trimming another 262 jobs at its San Francisco headquarters , according to a state filing, with layoffs set to take effect November 3. The move comes just weeks aft ...

Oracle named insiders Clay Magouyrk and Mike Sicilia as co-CEOs on Monday, replacing Safra Catz, who was at the helm of the cloud services provider for 11 years. ...