- 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.
7 reports, 3 independent
Updated Oct 17
Gone quiet
Reached 2 outlets in its first 24 hours
- Reports
- 7
- Developments
- 2
- Repetition
- 86%
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
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OpenAI
American artificial intelligence research organization
Related events
- 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.
- OpenAI is leasing data center power from Oracle, which is expanding its capacity at sites in Abilene, Michigan, and Georgia.
- Oracle is providing computing power for OpenAI's AI work.
- Microsoft, Amazon, and Google are deepening AI partnerships with OpenAI, Anthropic, and Meta.
- OpenAI paid Microsoft $10 billion during the current financial quarter.
Coverage
Newest first; wire copies grouped- fool.com
- baystreet.ca
- fool.com
- 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