“Curse of ChatGPT”: How Oracle lost $300 billion in market value since announcing partnership with OpenAI – The Times of India

Oracle’s bold bet on artificial intelligence has unsettled investors as the company has lost more than $300 billion in market value since a groundbreaking partnership with OpenAI in September. This sharp decline in Oracle’s market value has sparked discussion of the “curse of ChatGPT,” as Wall Street questions whether the deal will deliver returns or impose outsized risks on Oracle. As the Financial Times reports, Oracle shares have fallen sharply since September, when the company announced a $300 billion deal with OpenAI. During the same period, benchmarks such as Nasdaq Composite, Microsoft and the Dow Jones US Software Index remained relatively stable, highlighting Oracle’s unique decline.Analysts expect the loss to be equal to the market value of General Motors or twice that of Kraft Heinz.

Oracle’s market cap has fallen since the OpenAI partnership was announced, leading to discussions about…