By Andjela Radmilac
Publication Date: 2025-11-22 18:30:00
Oracle has done what every legacy tech giant dreams of. In September, the company announced a $300 billion cloud deal centered around OpenAI, the hottest name in software, and watched its stock rise.
Two months later, the market announced its verdict. Oracle has lost more than $300 billion in market value, below pre-AI announcement levels, while reports began calling it the “ChatGPT curse.”
Analysts are now looking at the mega-deal as a case study in what happens when AI promises exceed the cash flows they are designed to support.
At the same time, Cursor just raised $2.3 billion at a valuation of $29.3 billion. The company had annual sales of more than $1 billion this year tripled his rating since June.
The coding tool attracted venture capital because it promised that engineers would live in an AI pair-programmer who would write the majority of the code for them.
A private devtool startup and an established public software provider are suddenly part of the same mental table as…
