Oracle's market value has dropped by over $300 billion since its OpenAI deal. Investors are worried about the company's debt-fueled AI investments. This has led to talk of a 'Curse of ChatGPT'. Oracle ...
Oracle’s bold push into artificial intelligence has sent shockwaves through financial markets, wiping out more than $300 billion in its market capitalization since the company unveiled its massive ...
Simply sign up to the Technology sector myFT Digest -- delivered directly to your inbox. It’s too soon to be talking about the Curse of OpenAI, but we’re going to anyway. Since September 10, when ...
Since Oracle (ORCL) announced a $300B deal with OpenAI on September 10th, the company’s stock has shed $374B in market value, Bryce Elder of The Financial Times reports. Meanwhile, equivalents to ...
The $300 billion agreement between Oracle and OpenAI, first revealed on September 10, has gone deep into the red; negative $74 billion to be exact. The market wiped out $315 billion from Oracle’s ...
When Bangladesh signed a three-year, $18 million agreement with US-based tech company Oracle to build a "dedicated national cloud," it was presented as a cornerstone of the then Awami League ...
Oracle has lost $315 billion in market value since announcing its $300 billion deal with OpenAI. The company is heavily in debt and relying on OpenAI for future revenue despite no guaranteed returns.