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Oracle made a $300 billion bet on OpenAI. It's paying the price.
(finance.yahoo.com)
This is a most excellent place for technology news and articles.
Please, government of the USA, do not bail them* out. At least not any more than what you're already giving them.
* OpenAI
Altman just needs to cobble together a gold Trump statue, deliver it to the White House, and any bailout needed is his.
You clearly want the economy to collapse. The bailout will actually be profitable for the government. /s
Oracle doesn't need a bailout, they are loaded, and can afford this loss. But of course an investment not being as profitable as they promised means the stock goes down. It's not like the company is anywhere near being in trouble.