Prøve GULL - Gratis
Sam Altman's business buddies are getting stung
Financial Express Hyderabad
|November 28, 2025
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.
Denne historien er fra November 28, 2025-utgaven av Financial Express Hyderabad.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Financial Express Hyderabad
Financial Express Hyderabad
Medra to expedite drug discovery with AI robots
MEDRA, WHICH PROGRAMS robots with AI to conduct and improve biological experiments, has raised $52 million to build what it says will be one of the largest autonomouslabsin the US.
2 mins
December 15, 2025
Financial Express Hyderabad
‘Consumption demand likely to be sustained’
CS SETTY, CHAIRMAN, SBI
1 mins
December 15, 2025
Financial Express Hyderabad
Travel insurance pays for non-refundable expenses
YOUR MONEY: FLIGHT CANCELLATIONS
2 mins
December 15, 2025
Financial Express Hyderabad
OpenAI scraps equity vesting policy
OPENAI TOLD STAFF that it was ending its policy requiring employees to work for at least six months at the company before their equity vests, the Wall Street Journal reported on Saturday, citing unnamed people familiar with the matter.
1 min
December 15, 2025
Financial Express Hyderabad
Banks step up CD issuances sharply
Outstanding issuances touch all-time high at %5.70 lakh cr
1 mins
December 15, 2025
Financial Express Hyderabad
The persisting Indo-China border challenge
Beijing’s recent posture is signalling that a buoyed China sees no reason to divorce its strategic posture from its economic one
4 mins
December 15, 2025
Financial Express Hyderabad
Ukraine prez drops plans to join NATO
UKRAINE HAS RELINQUISHED its ambition of joining the NATO military alliance in exchange for Western security guarantees as a compromise to end the war with Russia, President Volodymyr Zelenskyy said ahead of talks with US envoys in Berlin.
1 mins
December 15, 2025
Financial Express Hyderabad
Bihar Minister Nitin Nabin is BJP's new working prez
AFTER MONTHS OF waiting, the BJP Parliamentary Board on Sunday appointed Bihar Cabinet Minister and five-term Nitin Nabin as the party’s national working president.
2 mins
December 15, 2025
Financial Express Hyderabad
Warner Bros. bidders are having a rough time
THE DUELLING SUITORS for Warner Bros. Discovery have had a rough week. Will this rule out an auction? Don’t count on it.
3 mins
December 15, 2025
Financial Express Hyderabad
Four CMs, 100 CEOs to attend WEF annual meet
FOUR CHIEF MINISTERS, including Devendra Fadnavis of Maharashtra and N Chandrababu Naidu of Andhra Pradesh, will join more than 100 CEOs from India at the World Economic Forum Annual Meeting next month.
1 min
December 15, 2025
Listen
Translate
Change font size