Oracle says it's excited about OpenAI partnership amid investor concerns

Investing.com -- Oracle (NYSE: ORCL) said Tuesday it remains excited about its partnership with OpenAI and is focused on delivering capacity for the artificial intelligence company.

The statement comes as shares in AI-related companies fell Tuesday following a Wall Street Journal report that OpenAI missed key user and revenue targets, raising investor concerns about AI spending.

Oracle said it sees continued momentum for its OpenAI partnership, according to an emailed statement from the company, as reported by Bloomberg News.

The database software giant has been working with OpenAI to provide cloud infrastructure capacity as demand for AI services continues to grow.

You May Also Be Interested In

• A.O. Smith executive chairman to retire, CEO to assume chairman role
• Comfort Systems USA names new COO and Chief Strategy Officer
• BuzzFeed sells shares to Byron Allen affiliate for $5.8 million