Wall Street worried about Oracle debt
Credit traders see a messy year looming
Oracle’s debt started flashing warning lights in November as its risk gauge climbed to a three-year high, Bloomberg reported, prompting traders to mutter that something unpleasant is brewing.
OpenAI’s future rides on mountain of risky loans
Partners stack colossal borrowings around the start-up
OpenAI’s rise looks flashier than a Vegas strip as its data centre pals rack up eye-watering loans so the chatbot darling can scale without sweating the repayments.
Tech company shares hammered
Wall Street still fears a bubble
The cocaine-nose jobs of Wall Street are not buying Nvidia's stellar results, and still fear that all that investment in AI is a bubble.
Oracle faces curse of OpenAI
Big Red’s grand AI punt keeps shredding its own valuation
Oracle’s market value has been sliding like a greased ferret since 10 September, when it trumpeted its $300bn deal with OpenAI and watched roughly $315bn vanish in the process.
Oracle spooks markets with AI binge
Heavy debts rattle investors already twitchy about runaway AI spending
Oracle has taken a wallop as tech stocks and bonds tank, landing far harder than its Big Tech pals thanks to its colossal borrowing spree to muscle into the AI circus, which has rattled the cocaine nose jobs of Wall Street something fierce.
Microsoft’s new AI crusade aims to ditch OpenAI leash
Suleyman says it’s time for Redmond to build superintelligence
Software king of the world, Microsoft, has decided it no longer wants to be shackled to OpenAI and is setting off on its own grand plan for superintelligence.
AMD to build two monster AI rigs for Oak Ridge
Lux and Discovery to fly the flag
AMD has landed a deal with the US government to supply silicon for two heavy-duty supercomputers at Oak Ridge National Laboratory.
Oracle’s twin CEOs push AI data centre splurge
Insist OpenAI gamble will pay off
Oracle’s new dual boss setup has come out swinging in defence of its expensive data centre expansion, insisting the firm is uniquely placed to make artificial intelligence useful for businesses.
OpenAI signs $1 trillion worth of chip deals to feed its AI habit
Money maths doesn't add up
OpenAI is signing about $1 trillion (€940 billion) in deals this year for computing power to keep its artificial intelligence dreams humming.
Oracle E-Business Suite hacked in $50 million extortion campaign
Cl0p ransomware crew cashes in on unpatched systems
Oracle is scrambling to investigate attacks on its E-Business Suite after hackers launched an extortion campaign against major organisations.