A fund highlights Oracle Corporation as a top holding, noting that OpenAI has significant needs related to Oracle.
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Updated oct 9
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What happened
A fund highlights Oracle Corporation as a top holding, noting that OpenAI has significant needs related to Oracle.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Hyperscaler capital spending is pressuring Oracle's stock, which is building AI infrastructure for OpenAI, while Microsoft holds a 27% stake in OpenAI.Sub-event
Fund highlights Oracle as a top holding, noting OpenAI's significant needs.1 source
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The entities involved
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Columbia Threadneedle Investments
American investment management firm
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Oracle Corporation
American multinational computer corporation
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OpenAI
American artificial intelligence research organization
Related events
- Oracle is providing computing power for OpenAI's AI work.
- Oracle and OpenAI are reportedly discussing a potential five-year strategic deal worth over $300 billion, positioning them as major cloud platform providers alongside IBM.
- Microsoft, Amazon, and Google are deepening AI partnerships with OpenAI, Anthropic, and Meta.
- Anthropic and OpenAI are preparing for IPOs amid reports of OpenAI's lower revenue and stock decline.
- OpenAI is leasing data center power from Oracle, which is expanding its capacity at sites in Abilene, Michigan, and Georgia.