Oracle gains as OpenAI reportedly nears $70 billion ARR
ORCL•Oracle shares rose 6.6% as OpenAI's annual recurring revenue reportedly neared $70 billion and its enterprise sales more than doubled in July.
1. OpenAI revenue report
OpenAI's annual recurring revenue is nearing $70 billion, and its enterprise sales more than doubled in July. Oracle is OpenAI's primary computing infrastructure provider; Oracle shares rose 6.6%.
