TLDR Tech / Fintech
Oracle hires new CFO to manage AI infrastructure spending
Oracle appointed Schneider Electric executive Hilary Maxson as CFO to oversee its massive AI data center expansion, which is expected to keep the company's free cash flow negative through 2030. The move signals Oracle's strategic shift toward capital-intensive cloud infrastructure, with plans to raise up to $50 billion amid investor concerns about profitability and execution risk. The hire underscores the operational complexity of scaling AI infrastructure as Oracle competes with hyperscalers.
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