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 Large enough to commit to the massive requirements openai wanted ($300b+ over 5 years) and. Oracle’s “astonishing quarter” really has cost it nearly as much as one general motors, or two kraft heinz.
Riana Bailey
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
