Oracle rating downgraded by S&P, now stands one notch above junk; reason is Sam Altman

S&P Global Ratings lowered Oracle's credit rating to BBB- from BBB. The agency cited significant risks associated with Oracle's expanding AI infrastructure business. OpenAI's substantial reliance on Oracle's services presents a key credit risk for the company. Oracle faces potential financial str...

First seen 1d ago · latest update 1d ago · India · tech