Saturday Nvidia CEO Jensen Huang said they still planned a "huge" investment in OpenAI, according to CNBC.

Friday the Wall Street Journal had reported that Nvidia's plan to invest up to $100 billion in OpenAI "has stalled after some inside the chip giant expressed doubts about the deal, people familiar with the matter said..." [T]he talks haven't progressed beyond the early stages, some of the people said. Now, the two sides are rethinking the future of their partnership, some of the people said. The latest discussions, they said, include an equity investment of tens of billions of dollars as part of OpenAI's current funding round. Nvidia CEO Jensen Huang has privately emphasized to industry associates in recent months that the original $100 billion agreement was nonbinding and not finalized, people familiar with the matter said. He has also privately criticized what he has described as a lack of discipline in OpenAI's business approach and expressed concern about the competition it faces from the likes of Google and Anthropic, some of the people said...

OpenAI is laying the foundation to go public by the end of 2026, and has spent much of the past year racing to secure large amounts of computing capacity to help power OpenAI's future products and growth. The stalled Nvidia pact is a blow to this effort and shows how Chief Executive Sam Altman's penchant for announcing flashy big-ticket deals carries the potential to backfire if the terms have yet to be finalized. In a joint announcement unveiling the September deal with Altman and OpenAI President Greg Brockman, Huang called the deal "the largest computing project in history...." OpenAI went on to sign a string of other agreements with chip and cloud companies that helped fuel a global stock market rally.

But investors have since grown jittery about the startup's ability to pay for these deals, leading to a sell-off in some tech stocks tied to OpenAI. Altman has said that the deals put the startup on the hook for $1.4 trillion in computing commitments — more than 100 times the revenue it was on pace to generate last year. OpenAI executives say the total commitments are lower when you account for overlap in some of the deals, and that the agreements will take place over a long period of time.... Huang has indicated to associates that he still believes it's crucially important to provide OpenAI with financial support in one form or another, in part because OpenAI is one of the chip designer's largest customers, people familiar with the matter said. If OpenAI were to fall behind other AI developers, it could dent Nvidia's sales.
"Speaking to reporters in Taipei, Huang said it was 'nonsense' to say he was unhappy with OpenAI," CNBC reported Saturday: "We are going to make a huge investment in OpenAI. I believe in OpenAI, the work that they do is incredible, they are one of the most consequential companies of our time and I really love working with Sam," he said, referring to OpenAI CEO Sam Altman. "Sam is closing the round (of investment) and we will absolutely be involved," Huang added. "We will invest a great deal of money, probably the largest investment we've ever made."

Asked whether it would be over $100 billion, he said: "No, no, nothing like that."
Elsewhere the Journal has reported that Amazon is in talks to invest up to $50 billion in OpenAI. Thanks to Slashdot reader sinij for sharing the article.

An anonymous reader shares a report: Oracle could cut up to 30,000 jobs and sell health tech unit Cerner to ease its AI datacenter financing challenges, investment banker TD Cowen has claimed, amid changing sentiment on Big Red's massive build-out plans.

A research note from TD Cowen states that finding equity and debt investors are increasingly questioning how Oracle will finance its datacenter building program to support its $300 billion, five-year contract with OpenAI.

The bank estimates the OpenAI deal alone is going to require $156 billion in capital spending. Last year, when Big Red raised its capex forecasts for 2026 by $15 billion to $50 billion, it spooked some investors. This year, "both equity and debt investors have raised questions about Oracle's ability to finance this build-out as demonstrated by widening of Oracle credit default swap (CDS) spreads and pressure on Oracle stock/bonds," the research note adds.

An anonymous reader quotes a report from Wired: When TikTok users in the U.S. opened the app today, they were greeted with a pop-up asking them to agree to the social media platform's new terms of service and privacy policy before they could resume scrolling. These changes are part of TikTok's transition to new ownership. In order to continue operating in the U.S., TikTok was compelled by the U.S. government to transition from Chinese control to a new, American-majority corporate entity. Called TikTok USDS Joint Venture LLC, the new entity is made up of a group of investors that includes the software company Oracle. It's easy to tap "agree" and keep on scrolling through videos on TikTok, so users might not fully understand the extent of changes they are agreeing to with this pop-up.

Now that it's under U.S.-based ownership, TikTok potentially collects more detailed information about its users, including precise location data. Here are the three biggest changes to TikTok's privacy policy that users should know about. TikTok's change in location tracking is one of the most notable updates in this new privacy policy. Before this update, the app did not collect the precise, GPS-derived location data of U.S. users. Now, if you give TikTok permission to use your phone's location services, then the app may collect granular information about your exact whereabouts. Similar kinds of precise location data is also tracked by other social media apps, like Instagram and X.

[...] Rather than an adjustment, TikTok's policy on AI interactions adds a new topic to the privacy policy document. Now, users' interactions with any of TikTok's AI tools explicitly fall under data that the service may collect and store. This includes any prompts as well as the AI-generated outputs. The metadata attached to your interactions with AI tools may also be automatically logged. [...] This change to TikTok's privacy policy may not be as immediately noticeable to users, but it will likely have an impact on the types of ads you see outside of TikTok. So, rather than just using your collected data to target you while using the app, TikTok may now further leverage that info to serve you more relevant ads wherever you go online. As part of this advertising change, TikTok also now explicitly mentions publishers as one kind of partner the platform works with to get new data.

An anonymous reader quotes a report from NPR: TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years. The social video platform company signed agreements with major investors including Oracle, Silver Lake and MGX to form the new TikTok U.S. joint venture. The new version will operate under "defined safeguards that protect national security through comprehensive data protections, algorithm security, content moderation and software assurances for U.S. users," the company said in a statement Thursday. American TikTok users can continue using the same app. [...] Adam Presser, who previously worked as TikTok's head of operations and trust and safety, will lead the new venture as its CEO. He will work alongside a seven-member, majority-American board of directors that includes TikTok's CEO Shou Chew.

[...] In addition to an emphasis on data protection, with U.S. user data being stored locally in a system run by Oracle, the joint venture will also focus on TikTok's algorithm. The content recommendation formula, which feeds users specific videos tailored to their preferences and interests, will be retrained, tested and updated on U.S. user data, the company said in its announcement. The algorithm has been a central issue in the security debate over TikTok. China previously maintained the algorithm must remain under Chinese control by law. But the U.S. regulation passed with bipartisan support said any divestment of TikTok must mean the platform cuts ties -- specifically the algorithm -- with ByteDance. Under the terms of this deal, ByteDance would license the algorithm to the U.S. entity for retraining.

The law prohibits "any cooperation with respect to the operation of a content recommendation algorithm" between ByteDance and a new potential American ownership group, so it is unclear how ByteDance's continued involvement in this arrangement will play out. Oracle, Silver Lake and the Emirati investment firm MGX are the three managing investors, who each hold a 15% share. Other investors include the investment firm of Michael Dell, the billionaire founder of Dell Technologies. ByteDance retains 19.9% of the joint venture.

Seven out of ten C-suite executives believe traditional enterprise resource planning software has seen its best days, though the category remains firmly entrenched in corporate IT and opinion is sharply divided on what comes next. A survey of 4,295 CFOs, CISOs, CIOs and CEOs worldwide found 36% expect ERP to give way to composable, API-driven best-of-breed systems, while 33% see the future in "agentic ERP" featuring autonomous AI-driven decision-making.

The research was commissioned by Rimini Street, a third-party support provider for Oracle and SAP. Despite the pessimism, 97% said their current systems met business requirements. Vendor lock-in remains a sore point: 35% cited limited flexibility and forced upgrades as frustrations. Kingfisher, operator of 2,000 European retail stores including Screwfix and B&Q, recently eschewed an SAP upgrade in favor of using third-party support to shift its existing application to the cloud. Gartner analyst Dixie John cautioned that while third-party support may work in the short or medium term, organizations will eventually need to upgrade.

An anonymous reader quotes a report from Bloomberg: Oracle is trying -- and sometimes struggling -- to attract workers to Nashville, where it is developing a massive riverfront headquarters. The company is hiring for more roles in Nashville than any other US city, with a special focus on jobs in its crucial cloud infrastructure unit. Oracle cloud workers based elsewhere say they've been offered tens of thousands of dollars in incentives to move. Chairman Larry Ellison made a splash in April 2024 when he said Oracle would make Nashville its "world headquarters" just a few years after moving the software company from Redwood City, California, to Austin. His proclamation followed a 2021 tax incentive deal in which Oracle pledged to create 8,500 jobs in Nashville by 2031, paying an average salary above six figures.

"We're creating a world leading cloud and AI hub in Nashville that is attracting top talent locally, regionally, and from across the country," Oracle Senior Vice President Scott Twaddle said in a statement. "We've seen great success recruiting engineering and technical positions locally and will continue to hire aggressively for the next several years." Still, Oracle has a long way to go in its hiring goals. Today, it has about 800 workers assigned to offices in Nashville, according to documents seen by Bloomberg. That trails far behind the number of company employees in locations including Redwood City, Austin and Kansas City, the center of health records company Cerner, which Oracle acquired in 2022.

A lack of state income tax and the city's thriving music scene are touted by Oracle's promotional materials to attract talent to Nashville. Some new hires note they moved because in a tough tech job market, the Tennessee city was the only place with an Oracle position offered. To fit all of these workers, Oracle is planning a massive campus along the Cumberland River. It will feature over 2 million square feet of office space, a new cross-river bridge and a branch of the ultra high-end sushi chain Nobu, which has locations on many properties connected to Ellison, including the Hawaiian island of Lanai. [...] Oracle has been running recruitment events for the new hub. But a common concern for employees weighing a move is that Nashville is classified by Oracle in a lower geographic pay band than California or Seattle, meaning that future salary growth is likely limited, according to multiple workers who asked not to be identified discussing private information.

A weaker local tech job market also gives pause to some considering relocation. In addition, many of the roles in Nashville require five days a week in the office, which is a shift for Oracle, where a significant number of roles are remote. For a global company like Oracle, the exact meaning of "headquarters" can be a bit unclear. Austin remains the address included on company SEC filings and its executives are scattered across the country. The city where Oracle is hiring for the most positions globally is Bengaluru, the southern Indian tech hub. Still, Oracle is positioning Nashville to be at the center of its future. "We're developing our Nashville location to stand alongside Austin, Redwood Shores, and Seattle as a major innovation hub," Oracle writes on its recruitment site. "This is your chance to be part of it."

For a quarter century, the TIOBE Index has attempted to rank the popularity of programming languages by the number of search engine results they bring up — and this week they had an announcement.

Over the last year the language showing the largest increase in its share of TIOBE's results was C#.

TIOBE founder/CEO Paul Jansen looks back at how C++ evolved: From a language-design perspective, C# has often been an early adopter of new trends among mainstream languages. At the same time, it successfully made two major paradigm shifts: from Windows-only to cross-platform, and from Microsoft-owned to open source. C# has consistently evolved at the right moment.

For many years now, there has been a direct battle between Java and C# for dominance in the business software market. I always assumed Java would eventually prevail, but after all this time the contest remains undecided. It is an open question whether Java — with its verbose, boilerplate-heavy style and Oracle ownership — can continue to keep C# at bay.
While C# remains stuck in the same #5 position it was in a year ago, its share of TIOBE's results rose 2.94% — the largest increase of the 100 languages in their rankngs.

But TIOBE's CEO notes that his rankings for the top 10 highest-scoring languages delivered "some interesting movements" in 2025: C and C++ swapped positions. [C rose to the #2 position — behind Python — while C++ dropped from #2 to the #4 rank that C held in January of 2025]. Although C++ is evolving faster than ever, some of its more radical changes — such as the modules concept — have yet to see widespread industry adoption. Meanwhile, C remains simple, fast, and extremely well suited to the ever-growing market of small embedded systems. Even Rust has struggled to penetrate this space, despite reaching an all-time high of position #13 this month.

So who were the other winners of 2025, besides C#? Perl made a surprising comeback, jumping from position #32 to #11 and re-entering the top 20. Another language returning to the top 10 is R, driven largely by continued growth in data science and statistical computing.

Of course, where there are winners, there are also losers. Go appears to have permanently lost its place in the top 10 during 2025. The same seems true for Ruby, which fell out of the top 20 and is unlikely to return anytime soon.

What can we expect from 2026? I have a long history of making incorrect predictions, but I suspect that TypeScript will finally break into the top 20. Additionally, Zig, which climbed from position #61 to #42 in 2025, looks like a strong candidate to enter the TIOBE top 30.
Here's how TIOBE estimated the 10 most popularity programming languages at the end of 2025

1. Python
2. C
3. Java
4. C++
5. C#
6. JavaScript
7. Visual Basic
8. SQL
9. Delphi/Object Pascal
10. R

Linus Torvalds has weighed in on an ongoing debate within the Linux kernel development community about whether documentation should explicitly address AI-generated code contributions, and his position is characteristically blunt: stop making it an issue. The Linux creator was responding to Oracle-affiliated kernel developer Lorenzo Stoakes, who had argued that treating LLMs as "just another tool" ignores the threat they pose to kernel quality. "Thinking LLMs are 'just another tool' is to say effectively that the kernel is immune from this," Stoakes wrote.

Torvalds disagreed sharply. "There is zero point in talking about AI slop," he wrote. "Because the AI slop people aren't going to document their patches as such." He called such discussions "pointless posturing" and said that kernel documentation is "for good actors." The exchange comes as a team led by Intel's Dave Hansen works on guidelines for tool-generated contributions. Stoakes had pushed for language letting maintainers reject suspected AI slop outright, arguing the current draft "tries very hard to say 'NOP.'" Torvalds made clear he doesn't want kernel documentation to become a political statement on AI. "I strongly want this to be that 'just a tool' statement," he wrote.

An anonymous reader quotes a report from Reuters: Warner Bros Discovery's board unanimously turned down Paramount Skydance's latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid amounted to a risky leveraged buyout that investors should reject. In a letter to shareholders on Wednesday, Warner Bros' board said Paramount's offer hinges on "an extraordinary amount of debt financing" that heightens the risk of closing. It reaffirmed its commitment to streaming giant Netflix's $82.7 billion deal for the film and television studio and other assets.

Their assessment comes even after Paramount, which has a market value of around $14 billion, proposed to use $40 billion in equity personally guaranteed by Oracle billionaire co-founder Larry Ellison -- father of Paramount CEO David Ellison -- and $54 billion in debt to finance the deal. The decision keeps Warner Bros on track for its deal with Netflix, even after Paramount amended its bid on December 22 to address the earlier concerns about the lack of a personal guarantee from Larry Ellison. Netflix co-CEOs Ted Sarandos and Greg Peters welcomed Warner Bros' decision on Wednesday, saying it recognizes the streaming giant's deal "as the superior proposal that will deliver the greatest value to its stockholders, as well as consumers, creators and the broader entertainment industry."

Warren Buffett is retiring as CEO of Berkshire Hathaway at age 95, ending a 55-year run that reshaped how generations of Americans think about investing. "The 95-year-old, often referred to as the 'Oracle of Omaha' and the 'billionaire next door,' will relinquish the title after a career that saw him turn a failing textile firm into one of the most successful asset managers in the world," reports NBC News. From the report: Greg Abel, the 63-year-old lesser-known CEO of Berkshire's energy business, will take the helm of the conglomerate on Thursday. Buffett will remain its chairman.

Under Buffett's leadership, Nebraska-based Berkshire has thrived at the intersection of Wall Street and Main Street, with investments in industries ranging from railroads and insurance to candy and ice cream.

Along the way, while living in the same house he bought for just over $30,000 in the late 1950s, he redefined investing for the American public with his folksy and practical advice, became one of the wealthiest people on Earth and dedicated much of that fortune to philanthropy. Berkshire's most significant tech bet was initiated in 2016 when it invested $1 billion. Apple has since become Berkshire Hathaway's largest single holding, representing over 20% of the portfolio and valued at more than $65 billion.

While Buffett largely avoided pure tech for decades, Buffett long considered technology a blind spot, famously saying "I wish I had" bought Apple earlier.

Throughout the years, Buffett expressed his disinterest in cryptocurrency and said he would "never own bitcoin," referring to it as "probably rat poison squared" and a "gambling token."

Oracle co-founder Larry Ellison has personally guaranteed $40.4 billion to shore up Paramount's bid for Warner Bros. Discovery, trying to ease financing doubts as Warner Bros weighs a rival offer from Netflix. Reuters reports: Paramount said the amended terms do not change the $30-per-share all-cash offer even as the fight for Hollywood's sought-after assets heats up, with control of Warner Bros' vast library offering a decisive edge in the streaming wars. "I doubt many Warner Bros shareholders that are on the fence or planning to vote no "were holding out due to issues the "revised bid addresses such as a guarantee from Larry Ellison on the funding front," said Seth Shafer, principal analyst at S&P Global.

As part of the revised terms, Ellison also agreed not to revoke the family trust or transfer its assets during the pendency of the transaction, the filing showed. Paramount said it has raised its regulatory reverse termination fee to $5.8 billion from $5 billion to match the competing transaction and extended the expiration date of its tender offer to January 21, 2026.

The "bid follows Warner Bros asking its shareholders to reject the $108.4 billion offer from Paramount for the whole company, including cable TV assets, on doubts over its financing and the lack of a full guarantee from the Ellison family. But Warner Bros investors, including the fifth largest shareholder Harris Associates, have said they would be open to revised offers from Paramount if it presents a superior bid and addresses issues with deal terms. Under the Netflix agreement, Warner Bros would owe Netflix $2.8 billion as breakup fee if it walks away from that deal.

An anonymous reader shared this report from CNBC: The Trump administration on Monday unveiled a new initiative dubbed the "U.S. Tech Force," comprising about 1,000 engineers and other specialists who will work on artificial intelligence infrastructure and other technology projects throughout the federal government.

Participants will commit to a two-year employment program working with teams that report directly to agency leaders in "collaboration with leading technology companies," according to an official government website. ["...and work closely with senior managers from companies partnering with the Tech Force."] Those "private sector partners" include Amazon Web Services, Apple, Google Public Sector, Dell Technologies, Microsoft, Nvidia, OpenAI, Oracle, Palantir, Salesforce and numerous others [including AMD, IBM, Coinbase, Robinhood, Uber, xAI, and Zoom], the website says.

The Tech Force shows the Trump administration increasing its focus on developing America's AI infrastructure as it competes with China for dominance in the rapidly growing industry... The engineering corps will be working on "high-impact technology initiatives including AI implementation, application development, data modernization, and digital service delivery across federal agencies," the site says.
"Answer the call," says the new web site at TechForce.gov.

"Upon completing the program, engineers can seek employment with the partnering private-sector companies for potential full-time roles — demonstrating the value of combining civil service with technical expertise." [And those private sector companies can also nominate employees to participate.] "Annual salaries are expected to be in the approximate range of $150,000 to $200,000."

TikTok's owner ByteDance has signed a deal creating a U.S.-focused joint venture majority-owned by American and global investors, allowing the app to avoid a U.S. ban while ByteDance retains a minority stake. The BBC reports: Half of the joint venture will be owned by a group of investors including Oracle, Silver Lake and the Emirati investment firm MGX, according to a memo sent by chief executive Shou Zi Chew. The deal, which is set to close on January 22, would end years of efforts by Washington to force ByteDance to sell its US operations over national security concerns. It is in-line with a deal unveiled in September, when US President Donald Trump delayed the enforcement of a law that would ban the app unless it was sold.

TikTok said in the memo that the deal would enable "over 170 million Americans to continue discovering a world of endless possibilities as part of a vital global community." Under the agreement, ByteDance will retain 19.9% of the business, while Oracle, Silver Lake and Abu Dhabi-based MGX will hold 15% each. Another 30.1% will be held by affiliates of existing ByteDance investors, according to the memo.

Warner Bros Discovery's board spurned Paramount Skydance's $108.4 billion hostile takeover bid on Wednesday, calling the offer "illusory" as it accused the studio giant of misleading shareholders about its financing. From a report: Paramount has been in a race with Netflix to win control of Warner Bros, and with it, its prized film and television studios, HBO Max streaming service and franchises like "Harry Potter." After Warner Bros accepted the streaming giant's offer, Paramount launched a hostile offer to outdo that bid.

In a letter to shareholders on Wednesday, the Warner Bros board wrote that Paramount had "consistently misled" Warner Bros shareholders that its $30-per-share cash offer was fully guaranteed, or "backstopped," by the Ellison family, led by billionaire and Oracle co-founder Larry Ellison.

The Trump administration announced Monday the United States Tech Force, a new program to recruit around 1,000 technologists for two-year government stints starting as soon as March -- less than a year after dismantling several federal technology teams and driving thousands of tech workers out of their jobs.

The program will primarily recruit early-career software engineers and data scientists, paying between $150,000 and $200,000 annually. About 20 companies have signed on to participate, including Palantir, Meta, Oracle and Elon Musk's xAI. Some engineering managers will be allowed to take leaves of absence from their private-sector employers to join the program without divesting their stock holdings.

The initiative follows the March closure of 18F, General Services Administration's internal tech consultancy, and the shuttering of the Social Security Administration's Office of Transformation in February. The IRS had lost over 2,000 tech workers by June.

An anonymous reader shared this report from the BBC: A billionaire investor keen on buying TikTok's US operations has told the BBC he has been left in limbo as the latest deadline for the app's sale looms.

The US has repeatedly delayed the date by which the platform's Chinese owner, Bytedance, must sell or be blocked for American users. US President Donald Trump appears poised to extend the deadline for a fifth time on Tuesday. "We're just standing by and waiting to see what happens," investor Frank McCourt told BBC News...

The president...said "sophisticated" US investors would acquire the app, including two of his allies: Oracle chairman Larry Ellison and Dell Technologies' Michael Dell. Members of the Trump administration had indicated the deal would be formalised in a meeting between Trump and Xi in October — however it concluded without an agreement being reached. Neither TikTok's Chinese owner ByteDance nor Beijing have since announced approval of a sale, despite Trump's claims. This time there are no such claims a deal is imminent, leading most analysts to conclude another extension is inevitable.
Other investors besides McCourt include Reddit co-founder Alexis Ohanian and Shark Tank entrepreneur Kevin O'Leary.

A gauge of risk on Oracle debt "reached a three-year high in November," reports Bloomberg.

"And things are only going to get worse in 2026 unless the database giant is able to assuage investor anxiety about a massive artificial intelligence spending spree, according to Morgan Stanley." A funding gap, swelling balance sheet and obsolescence risk are just some of the hazards Oracle is facing, according to Lindsay Tyler and David Hamburger, credit analysts at the brokerage.

The cost of insuring Oracle's debt against default over the next five years rose to 1.25 percentage point a year on Tuesday, according to ICE Data Services. The price on the five-year credit default swaps is at risk of toppling a record set in 2008 as concerns over the company's borrowing binge to finance its AI ambitions continue to spur heavy hedging by banks and investors, they warned in a note Wednesday. The CDS could break through 1.5 percentage point in the near term and could approach 2 percentage points if communication around its financing strategy remains limited as the new year progresses, the analysts wrote. Oracle CDS hit a record 1.98 percentage point in 2008, ICE Data Services shows...

"Over the past two months, it has become more apparent that reported construction loans in the works, for sites where Oracle is the future tenant, may be an even greater driver of hedging of late and going forward," wrote the analysts... Concerns have also started to weigh on Oracle's stock, which the analysts said may incentivize management to outline a financing plan on the upcoming earnings call...
Thanks to Slashdot reader Bruce66423 for sharing the article.

OpenAI's data centre partners are on course to amass almost $100 billion in borrowing tied to the lossmaking start-up, as the ChatGPT maker benefits from a debt-fuelled spending spree without taking on financial risks itself. Financial Times: SoftBank, Oracle and CoreWeave have borrowed at least $30 billion to invest in the start-up or help build its data centres, according to FT analysis. Investment group Blue Owl Capital and computing infrastructure companies such as Crusoe also rely on deals with OpenAI to service about $28 billion in loans.

A group of banks is in talks to lend another $38 billion for Oracle and data centre builder Vantage to fund further sites for OpenAI, according to people familiar with the matter. The deal is expected to be finalised in the coming weeks. OpenAI executives have said they plan to raise substantial debt to help pay for these contracts, but so far the financial burden has fallen to its counterparties and their lenders. "That's been kind of the strategy," said a senior OpenAI executive. "How does [OpenAI] leverage other people's balance sheets?"

OpenAI won't say who audits its books. The company, which projects to hit an ARR of $20 billion this year and is valued at $500 billion, has committed to spending about $1.4 trillion on data centers over the next decade. It accounts for roughly two-thirds of unfulfilled contracts at Oracle and two-fifths at CoreWeave. Microsoft alone holds around $375 billion in unfulfilled contracts with OpenAI.

Reuters reported the company may target a $1 trillion valuation for a potential IPO in coming years. Most companies at this scale use one of the Big Four accounting firms: Deloitte, EY, KPMG or PwC. OpenAI declined to comment to Financial Times. A person close to the organization told the publication the company has "an industry standard audit with one of the Big Four firms." The company's latest Form 990 filing lists Fontanello, Duffield, & Otake -- a small San Francisco accountancy firm -- as the paid preparer. The form does say an independent accountant audited the statements.

Michael Burry, last night: "Can anyone name [OpenAI's] auditor?"

An anonymous reader shares a report: It's too soon to be talking about the Curse of OpenAI, but we're going to anyway. Since September 10, when Oracle announced a $300 billion deal with the chatbot maker, its stock has shed $315 billion in market value.

OK, yes, it's a gross simplification to just look at market cap. But equivalents to Oracle shares are little changed over the same period (Nasdaq Composite, Microsoft, Dow Jones US Software Index), so the $15 billion loss figure [figure updated with stock price] is not entirely wrong. Oracle's "astonishing quarter" really has cost it nearly as much as one General Motors, or two Kraft Heinz.