Two months in, the compute megadeal between oracle and openai is a losing proposition for oracle, the financial times reports. Openai has reportedly entered into a $300 billion agreement with oracle corporation (nyse Orcl) to procure compute capacity over the next five to six years, according to a report first published by the information. 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.
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