Lily Jamali

Shares in AI giant Oracle fall after revenue miss

In September, Oracle inked a highly sought-after contract with ChatGPT-maker OpenAI which agreed to purchase $300bn (£224bn) in computing power from Oracle over five years. Oracle chairman and chief technology officer Larry Ellison briefly became the world’s richest man. Oracle stock has lost forty percent of its value since peaking three months ago. Still, shares…

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