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

S&P Global downgraded Oracle's credit rating to 'BBB-', citing OpenAI as a key credit risk. OpenAI accounts for roughly half of Oracle's $638 billion in contractual obligations, and if OpenAI walked away, Oracle would be left with massive data center capacity it couldn't fill.

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 https://the-decoder.com/sp-global-sees-openai-as-a-key-credit-risk-for-oracle-and-cuts-its-credit-rating/ appeared first on The Decoder https://the-decoder.com .