The software giant drops one spot on the ranking this year as it fends off competition to its cloud storage business from the likes of Amazon and Google. But co-CEOs Safra Catz and Mark Hurd are attempting to meet the challenge head-on: Oracle has announced plans to invest heavily in artificial intelligence and automation, and this year launched a blockchain-as-a-service enterprise cloud platform. Both revenues and market cap have held relatively steady, up 1.8% and 1.7%, respectively, since this time last year.
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This is your Data Sheet newsletter for Friday, March 15, 2019.
Facilities are now open in Cape Town and Johannesburg, South Africa.
This is your Data Sheet newsletter for Friday, March 1, 2019.
Berkshire Hathaway's Oracle investment was notable because Buffett had historically tended to be cautious about investing in technology stocks.