Oracle CEO Larry Ellison, a Silicon Valley icon, is stepping down, effective immediately, the Redwood Shores company announced on Thursday. Ellison will become executive chairman and continue to work ...

One of Oracle's two recently appointed CEOs, Clay Magouyrk, told CNBC's David Faber that he's confident OpenAI will be able to pay for the cloud infrastructure it uses. OpenAI had a $5 billion net ...

FILE PHOTO: Oracle CEO Clay Magouyrk speaks at a Q&A following a tour of the OpenAI data center in Abilene, Texas, U.S., September 23, 2025. REUTERS/Shelby Tauber/Pool/File Photo RIYADH (Reuters) ...

Larry Ellison doesn’t spend a lot of time in the spotlight these days, but when the chairman of Oracle takes the stage, there’s usually a media feeding frenzy. His latest move is hiring Mark Hurd, the ...

Magouyrk, who was appointed as Oracle’s co-CEO last month, told CNBC in an interview on Monday that “of course” OpenAI can afford the $60 billion annual cloud services bill. "Just look at the rate at ...