After 20,000-plus layoffs, how Oracle’s ‘promise’ to Sam Altman is hurting banks across America, including JPMorgan
Oracle may be facing a bank-debt “problem” due to its deal with the maker of ChatGPT, OpenAI. This comes as American banks struggle to absorb the scale of financing tied to Oracle’s data centre expansion plans. According to a recent report by The Wall Street Journal, the issue stems from a $300 billion agreement between…