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It’s too soon to be talking about the curse of openai, but we’re going to anyway The ai firm announced it will tap oracle’s computing infrastructure under the multi billion deal, one of the largest cloud contracts ever signed. Since september 10, when oracle announced a $300bn deal with the chatbot maker, its stock has shed $374bn in.
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An anonymous reader shares a report Two months in, the compute megadeal between oracle and openai is a losing proposition for oracle, the financial times reports. It's too soon to be talking about the curse of openai, but we're going to anyway
Since september 10, when oracle announced a $300 billion deal with the chatbot maker, its stock has shed $315 billion in market value
Ok, yes, it's a gross simplification to just. 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.
In what was meant to be the crowning achievement of larry ellison’s career, oracle’s securing of a $300 billion contract with openai has instead triggered a paradoxical financial crisis Oracle (orcl) has experienced significant volatility since announcing an agreement with openai, shedding a substantial $374 billion in market capitalization.
