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S&P Global identifies OpenAI as key risk for Oracle as it suffers $500-bn loss
S&P Global Ratings has downgraded Oracle's long-term credit rating from BBB to BBB- as it lost $498 billion in market value in less than 10 months. S&P identified OpenAI as a key credit risk since it accounts for half of Oracle's $638 billion in future contracts. Oracle will face huge data centre bills if the AI firm fails to pay.
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