Oracle, CoreWeave lead AI selloff on OpenAI growth concerns - Reuters
Oracle, CoreWeave lead AI selloff on OpenAI growth concerns Reuters
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Notable Quotes
"We are totally aligned on buying as much compute as we can and working hard on it together every day."
— Sam Altman , Executive
"We see this from time to time when you have any type of an AI heritage company, when they sell off, then it causes a ripple effect across the board, regardless of whether it's warranted or not."
— Todd Schoenberger , Executive
"OpenAI's reported growth concerns do not mean that the industry is slowing down, it just means that perhaps there's just more competition."
— Allan Small , Executive
Key People
Senior investment advisor at Allan Small Financial Group with iA Private Wealth.
Dario Amodei is a co-founder of Anthropic.
Larry Ellison is the co-founder and Chairman of Oracle Corporation.
Chief executive officer of OpenAI.
Chief financial officer at OpenAI.
Todd Schoenberger is the chief investment officer at Crosscheck Management in Washington, DC.
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<a href="https://news.google.com/rss/articles/CBMixwFBVV95cUxQZzhBYkt1cUNmMmJzRWZxWGRTb3hNMm02LXN2Z2ZfMUN4dmNyTmV0ODNPRWRkVXlrM0pGNFBpZ3R4X3QzdVV5YW5vaWszSTl3R2IxaEtXaHBib09qMTNjUktjMEVzVjlrMkRVTGpjQldyQVVqekFuWWpQWGZfbVhjQlNtRkNvdFlpbWhhOWtfZTdZVUd6cWMtYnA5ZC0xNHc0eUNfLTlBYUxoUkt2OUpxY2V2NWF4SlNkN2xEN1dkOEpQRDdfM0RJ?oc=5" target="_blank">Oracle, CoreWeave lead AI selloff on OpenAI growth concerns</a> <font color="#6f6f6f">Reuters</font>
Shares of Oracle and CoreWeave fell after reports that OpenAI missed its goals for new users and revenue, raising concerns over the ChatGPT creator's growth prospects.
OpenAI's missed targets for active ChatGPT users and revenue have led to declines in shares of Nvidia, Oracle, AMD, and CoreWeave.
Shares of AI companies fell after OpenAI reportedly missed user and revenue goals, leading to declines in Oracle and CoreWeave stocks.
Shares of Oracle and CoreWeave dropped after reports that OpenAI missed its goals for new users and revenue, raising concerns over the ChatGPT creator's growth prospects.
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