As Oracle loses $498 billion in less than 10 months, why credit rating agency S&P has identified Sam Altman’s OpenAI as a ‘key credit risk’ for Larry Ellison’s company
Oracle has lost about $498 billion in market value in less than 10 months. Recently, credit rating agency S&P Global Ratings identified Sam Altman‘s OpenAI as a “key credit risk” for the company. In a report explaining its decision to downgrade Oracle’s credit rating, S&P said the software giant’s aggressive push into AI infrastructure has…
