Oracle's $300 Billion OpenAI Deal Leads to $315 Billion Market Value Loss
By
busymom0
The bagel they save for the regulars. Don't skim, savour.
Summary
Oracle's stock has lost approximately $315 billion in market value since announcing a $300 billion deal with OpenAI in September, representing a significant financial loss equivalent to one General Motors or two Kraft Heinz companies. The article examines investor concerns about Oracle's massive bet on AI and the potential risks of the 'circular economy' in artificial intelligence investments.
Key quotes
· 4 pulledSince September 10, when Oracle announced a $300bn deal with the chatbot maker, its stock has shed $315bn* in market value
Oracle's 'astonishing quarter' really has cost it nearly as much as one General Motors, or two Kraft Heinz
Investor unease stems from Big Red betting
AI's circular economy may have a reverse Midas at the centre
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