Oracle and OpenAI hunting for future fortune
Oracle’s $300billion five-year deal with OpenAI, that helped their stock soaring last week. Part of the reason Oracle was able to strike a deal with OpenAI was due to Ellison’s courting of Nvidia CEO Jensen Huang, which has allowed his company, despite previously trailing behind other cloud providers, to secure large stockpile of top of the line Nvidia GPUs to position itself as a significant player in the AI infrastructure space. This attempt by both Oracle and OpenAI mislead some investors and the markets at large with a contract that neither party can fulfil, and guarantees that OpenAI will run … Continue reading Oracle and OpenAI hunting for future fortune
