Oracle, which serves clients like OpenAI, has established a presence in Romania and recently received a BBB- rating from S&P.

The entities involved

• Oracle →

  company in Madrid, Spain

  • Rising Credit Default Swap (CDS) costs are now questioning the capital expenditure financing for CoreWeave, Nebius Group, and Oracle.Sun 00:07
  • Lewis Thompson was appointed senior vice president at Oracle.Sat 12:51
• OpenAI →

  American artificial intelligence research organization

  • Ann O'Leary and Common Sense Media advise on global policy regarding youth technology and AI risks for OpenAI.Sun 16:28
  • Major tech companies, including Meta, Amazon, OpenAI, and Google, are rapidly building hyperscale data centers.Sun 13:08
• S&P →

  Japanese company

  • Vanguard and Picton commissioned reports comparing Canadian investment portfolios against the S&P global market.Sat 12:21
  • Inflation reduction helps Turkish banks withstand shocks, and S&P is monitoring their ability to refinance debt amid potential rate cuts.Sat 07:05

Related events

• OpenAI is leasing data center power from Oracle, which is expanding its capacity at sites in Abilene, Michigan, and Georgia.Jun 8
• OpenAI plans a data center in Southern Ohio, leased by a SoftBank subsidiary, amid local opposition polling.Oct 16
• A major data center project is developing in Ohio, with consideration of up to a $3 billion investment from SoftBank Group.Aug 17
• 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.Jul 14
• Microsoft, Amazon, and Google are deepening AI partnerships with OpenAI, Anthropic, and Meta.Oct 14