Sam Altman pushes Oracle into first-ever $10bn burn and fresh borrowing spree https://ift.tt/TAP6k7C

Oracle's stock experienced a significant drop after reporting quarterly results that missed revenue expectations, largely due to substantial spending on data centers for AI customers like OpenAI. The company's heavy reliance on a massive OpenAI deal and its debt-fueled expansion have raised investor concerns about its financial stability and future growth prospects.

from Times of India https://ift.tt/Z57OMTV