Subj : Oracle CEO claims its main mission is to "advance humanity"
To   : All
From : TechnologyDaily
Date : Tue May 14 2024 16:15:05

Oracle CEO claims its main mission is to "advance humanity"

Date:
Tue, 14 May 2024 15:00:00 +0000

Description:
Digital and cloud migration, including emerging technologies like AI, will 
help to advance humanity, says Oracle CEO.

FULL STORY
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Oracle CEO Safra Catz has revealed the company wants to use its cloud 
technology to help improve humanity worldwide. 

Speaking to Nikkei Asia , Catz revealed that the companys ultimate goal is to 
advance humanity through its enterprise software, database and cloud 
services. 

The CEO addressed a series of questions regarding Oracles societal 
contributions, highlighting both the direct and indirect benefits of cloud 
migration as well as other company initiatives. Oracle cloud boost 

When asked about the negative aspects of technology, Catz didnt fail to agree 
that there can be perceived downsides. However, with the right framing, even 
these can be seen in a positive light. The example given was the migration of 
a citys permit application portal, which was to be made available online. 

Although some of the systems users would be unable to access the digital 
version, Catz said that by enabling online self-service for those capable, 
workers would have more free time to help those requiring in-person support. 

Catz also addressed emerging technologies like artificial intelligence, 
dismissing fears of widespread job displacement, but rather foreseeing AIs 
role in creating new opportunities and supporting human workers to be even 
more productive. 

However, the company has faced scrutiny in recent months over its financial 
achievements. Oracle reported a 44% operating margin in the third quarter of 
its 2024 financial year, when it attracted $13.3 billion in revenue, up 7% 
year-on-year. 

More broadly, the company has made other efforts to encourage diversity and 
inclusivity, including appointing high-profile leaders from all over the 
world and building an on-campus high school which has a dedicated curriculum 
for young women. 

Catz summarized: If you dig under the surface of everything we do, it's 
probably motivated by trying to really advance humanity. More from TechRadar 
Pro Weve rounded up a list of the best cloud hosting providers Oracle is 
moving its global HQ in major healthcare switch These are the best AI tools 
and best AI writers



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Link to news story:
https://www.techradar.com/pro/oracle-ceo-claims-its-main-mission-is-to-advance
-humanity


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