Oracle shares fall nearly 6% after FT reports OpenAI annualised revenue $20bn lower than signalled

Oracle shares fell nearly 6% after the FT reported OpenAI's annualised revenue is $20 billion lower than previously signalled. OpenAI told investors its annualised revenue was approaching $50 billion at the end of September. Oracle has a $300 billion cloud contract with OpenAI.

Detected & updated continuously · Source: Nebula