Oracle can’t escape OpenAI’s shadow

A lot has happened in the three months since the world learned of Oracle’s deal to provide $300 billion worth of artificial-intelligence computing services to OpenAI. That was just one in a string of expensive deals signed by the ChatGPT parent, which currently generates less than $20 billion in annual revenue.

OpenAI’s aggressive growth expectations backing those deals look even more ambitious after Google last month launched its powerful Gemini 3 model, which outperforms the latest ChatGPT on benchmark tests and has compelled OpenAI’s leadership to proclaim a “code red” within the company.

As OpenAI is privately held, investors have responded by selling off other companies with significant exposure to the startup. And few have been punished as hard as Oracle. 

Read more | WALL STREET JOURNAL