The shares of cloud computing titan Oracle experienced a more than 10 percent tumble during trading after the company’s earnings report fell short of what analysts had forecast for the recently ended quarter.
The biggest source of concern is the apparent “circular financing” in which AI firms fund other firms to buy their products. This is in reference to deals similar to the one struck between Oracle and OpenAI. It remains to be seen how the shares of other major players in the AI industry, such as Microsoft Corp. (NASDAQ: MSFT), fare over the coming quarters amid concerns about a possible AI bubble that could…
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