- CNBC reports on Oracle's earnings and Adobe's post-bell results, alongside Alphabet's stakes in SpaceX and Anthropic.
- A large partnership between OpenAI and Oracle is set to drive Oracle's future revenue via RPO.
OpenAI has been identified as a major customer contributing significantly to Oracle's business backlog.
4 reports, 2 independent
Updated Aug 5
Gone quiet
Reached 2 outlets in its first 24 hours
- Reports
- 4
- Developments
- 2
- Repetition
- 75%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
OpenAI has been identified as a major customer contributing significantly to Oracle's business backlog.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Reuters reported on a significant jump in Oracle's revenue backlog, noting that the company's growth narrative is diversifying and is no longer solely dependent on OpenAI.Sub-event
OpenAI is confirmed as a major customer for Oracle's backlog.1 source
Keep exploring
The entities involved
-
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
- Oracle and OpenAI signed a computing deal related to data center infrastructure in Doña Ana County.
- Half of Oracle's growth depends on OpenAI, while Fed policy remains a key market catalyst.
- Oracle built a flagship campus in Abilene after contracting with OpenAI, with support from Larry Ellison.
- OpenAI is leasing data center power from Oracle, which is expanding its capacity at sites in Abilene, Michigan, and Georgia.
- OpenAI and Oracle are forming a joint venture to expand AI infrastructure, supported by Cummins in Abilene.
Coverage
Newest first; wire copies grouped- fool.com
- fool.comOracle Stock Just Plunged to a 52-Week Low, but Should You Buy the Dip? The Answer Might Surprise You. | The Motley Fool
- yahoo.com