Watch CNBC's full interview with Oracle CEOs Clay Magouyrk and Mike Sicilia
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Watch CNBC's full interview with Oracle CEOs Clay Magouyrk and …
5 months ago
CNBC
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elceo.com
Oracle is promoting its presidents of cloud infrastructure, Clay Magouyrk, and industries, Mike Sicilia, to co-CEOs, the company announced Monday. Safra Catz, the software giant's current CEO, will serve as executive vice chair on the company board. Read more: cnb.cx/4gFuIui | CNBC
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Oracle CEO Clay Magouyrk, one of the two people tapped last month to lead the software company, is confident that OpenAI will be able to cover the costs of the massive amount of cloud infrastructure services it consumes. Magouyrk told CNBC “of course” OpenAI can pay $60 billion for a year’s worth of cloud resources. In July, OpenAI agreed to a five-year deal with Oracle that’s worth over $300 billion. Read more: cnb.cx/42ZYEvJ | CNBC
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