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Oracle promotes two presidents to co-CEO role


Safra Catz will become the executive vice chair of Oracle's board of directors after 11 years as the company's CEO.

At this time of strength is the right moment to pass the CEO role to the next generation of capable executives.” Earlier this year, the company announced its participation in the$500 billion Stargate Project, alongside OpenAI and SoftBank, to build data centers and AI infrastructure in the U.S. On Friday, Reuters reported that the company was signing a smaller — but still sizable —$20 billion compute deal with Meta.

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