In this live interview, Oracle co-CEO Mark Hurd talks with Recode's Kara Swisher about how Oracle transitioned its business to the cloud, which is the fastest-growing segment of all enterprise spending. Hurd says a large, process-laden company like Oracle can't risk getting complacent and out-innovated by smaller startups, and had to weather some unhappy investors on Wall Street for many quarters because building out cloud services takes time and money. He also talks about immigration policy, job automation and why Steve Jobs once told him he would hate to have Hurd's job.

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