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. Openai has struck a landmark deal with oracle to buy $300 billion in computing power over five years, highlighting both the explosive rise of ai and the growing financial risks around it. Two months in, the compute megadeal between oracle and openai is a losing proposition for oracle, the financial times reports. Oracle’s $300b deal with openai drove a stock surge, but investors worry both companies could fail to deliver A single $300 billion contract has seemingly transformed oracle from a traditional erp and database vendor into a cloud computing powerhouse
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