A fund highlights Oracle Corporation as a top holding, noting that OpenAI has significant needs related to Oracle.
1 report, 1 independent
Updated Jun 16
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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
Keep exploring
The entities involved
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Columbia Threadneedle Investments
American investment management firm
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Oracle Corporation
American multinational computer corporation
Nothing else this week.
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OpenAI
American artificial intelligence research organization
- Leaders call for international cooperation on AI risks, tech leaders call for oversight, and the CMA proposes stricter search engine choice requirements.
- Experts, including Dario Amodei at Cornell University, warned about the power and limits of AI, specifically citing risks of AI taking control of the internet.
Related events
- Half of Oracle's growth depends on OpenAI, while Fed policy remains a key market catalyst.
- OpenAI has been identified as a major customer contributing significantly to Oracle's business backlog.
- Oracle built a flagship campus in Abilene after contracting with OpenAI, with support from Larry Ellison.
- OpenAI and Oracle are forming a joint venture to expand AI infrastructure, supported by Cummins in Abilene.
- FT reports on OpenAI's financial projections and cash burn, while Altman discusses company strategy and future funding needs.