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Sam Altman's business buddies are getting stung
November 28, 2025
|Financial Express Chennai
AS INVESTORS START to take sides in the AI race, Sam Altman's buddies are getting burned.
SoftBank Group's shares have tumbled 40% from late October, while Oracle's stock has given up all gains made since early September, when the legacy database software company all of a sudden got an AI halo after announcing a $300-billion computing deal with OpenAI.
The trio are partners in the $500-billion Stargate AI infrastructure project, which aims to build data centres across the US. In addition, in March, SoftBank's Chairman Masayoshi Son managed to strike a venture capital deal with Altman, promising to invest $30 billion by year-end.
Investors are now questioning the ChatGPT maker's dominance after Alphabet released its newest multipurpose Gemini 3 model—which won glowing reviews— as well as how a weakened OpenAI may affect its partners' businesses.
هذه القصة من طبعة November 28, 2025 من Financial Express Chennai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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