But equivalents to oracle shares are little changed over the same period (nasdaq composite, microsoft, dow jones us software index), so the $60bn loss figure is not entirely wrong Oracle’s “astonishing quarter” really has cost it nearly as much as one general motors, or two kraft heinz. Two months in, the compute megadeal between oracle and openai is a losing proposition for oracle, the financial times reports. 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. Oracle went from being a faded pair of levi’s sitting in the back of your closet
To the trendy datacenter provider every retail investors wanted to buy Microsoft dialed back some datacenter projects right as its rising superstar client, openai, was ready to blast off Large enough to commit to the massive requirements openai wanted ($300b+ over 5 years) and. 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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