Oracle promotes two presidents to co-CEO role (techcrunch.com)

Oracle has promoted Clay Magouyrk and Mike Sicilia to joint co-CEOs, and moved long-time CEO Safra Catz to executive vice chair, signaling a strategic leadership shift aimed squarely at AI infrastructure expansion. Magouyrk, a 2014 hire from AWS and founding member of Oracle’s cloud engineering team, has run Oracle’s cloud infrastructure unit for more than a decade; Sicilia, who joined via Oracle’s 2008 acquisition of Primavera Systems, recently led the industries division. Catz framed the handoff as occurring “at a time of strength,” citing Oracle’s positioning for AI training and inference. The move matters to the AI/ML community because it aligns Oracle’s top leadership with its aggressive push into large-scale compute and data center builds for model training and serving. Oracle is participating in the $500B Stargate Project with OpenAI and SoftBank to build U.S. AI data centers, and has been linked to massive compute supply agreements—reportedly a $300B deal with OpenAI and a reported $20B arrangement with Meta—underscoring its ambition to compete with AWS, Azure and GCP on AI infrastructure. Expect continued prioritization of GPU/accelerator provisioning, interconnect and storage scaling, and enterprise integration for both training and inference workloads under the new co-CEO structure.