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Ooof, pretty big swing and a miss for OpenAI, especially with the trial about to get underway. Associated stocks are getting crushed with this news.

Oracle dropped about 7.5% in premarket trading Tuesday. Oracle has a $300 billion, five-year partnership to supply computing power to OpenAI for AI operations.
According to the report, finance chief Sarah Friar has warned colleagues that if revenue growth doesn’t accelerate, the company could face difficulty funding future compute agreements.

Uh ohhh!! Government bailout is downloading it will be complete and implemented by June 2027

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No one is talking about a government bailout for any of the AI stuff. The only bailout we are looking at on the hill is apparently Spirit Airlines, and that's just to borrow their planesto send the military around lol!

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Thus I said June 2027!

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26 sats \ 1 reply \ @phat0m 28 Apr

Rough day for OpenAI bulls

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Poor one out for em! Turns out when the economy isnt on a tear burning hundreds of millions and dealing with a damming lawsuit is pretty significant

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