Why the Oracle-OpenAI deal caught Wall Street by surprise
This week, OpenAI and Oracle shocked the markets with a surprise $300 billion, five-year agreement, part of a surge of new business that sent the cloud provider’s stock skyrocketing. But maybe the markets shouldn’t have been taken by surprise. The deal is a reminder that, despite Oracle’s legacy status, the company still plays a major role in AI infrastructure. On the OpenAI side, the agreement was more revealing than the lack of details suggest. For one, the startup’s willingness to pay so muc