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Oracle overcommitted on behalf of OpenAI, taking on debt to meet their obligations. Not that healthy companies are not also doing ridiculous layoffs, but in thi

Oracle overcommitted on behalf of OpenAI, taking on debt to meet their obligations. Not that healthy companies are not also doing ridiculous layoffs, but in this case, Oracle does have to do some drastic things to get out of this tailspin.

missedthecue 3mo ago
Tailspin? Last quarter was their best quarter ever in terms of topline, and they cleared over $4B in profit.