‘Curse of ChatGPT’: Oracle’s $300B wipeout since OpenAI pact

Oracle’s market value has plummeted by over $300 billion since its September partnership with OpenAI, sparking concerns of a ‘Curse of ChatGPT.’ Investors are questioning the debt-fueled AI infrastructure bet, which makes Oracle a proxy for OpenAI’s ambitions. This decline contrasts with stable benchmarks, highlighting significant investor unease over the aggressive AI gamble.

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