S&P Global sees OpenAI as a "key credit risk" for Oracle and cuts its credit rating

Summary

S&P Global has downgraded Oracle's credit rating to "BBB-," one notch above junk status. OpenAI accounts for roughly half of Oracle's $638 billion in contractual obligations. If OpenAI walked away, Oracle would be stuck with massive data center capacity it couldn't fill. The article S&P Global sees OpenAI as a "key credit risk" for Oracle and cuts its credit rating appeared first on The Decoder .

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