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Oracle’s “ astonishing quarter ” really has cost it as much as one dell, or two ebays A single $300 billion contract has seemingly transformed oracle from a traditional erp and database vendor into a cloud computing powerhouse 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. Large enough to commit to the massive requirements openai wanted ($300b+ over 5 years) and. 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
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