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Oracle's AI Bet Turns Risky | Durham News
Oracle’s AI ambitions are hitting a rocky patch as its stock plummets and the company admits in its annual report that its massive data center bets carry serious financial risks. Once bullish on AI’s future, Oracle now warns that failing to secure affordable space or delivering on AI product performance could slash profits. With multiyear leases locking in costly commitments and plans to raise $45–50 billion in debt and stock, the company’s financial tightrope walk is now laid bare. And it all hinges on OpenAI — whose demand directly fuels Oracle’s cloud revenue. If OpenAI falters, Oracle’s…
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