Oracle slumps as gloomy forecasts, soaring spending fan AI bubble worries
By Aditya Soni and Kanchana Chakravarty Dec 11 (Reuters) - Oracle shares sank 13% on Thursday, sparking a tech selloff as the company's massive spending and weak forecasts fanned doubts over how quickly the big bets on AI will pay off. The disappointing predictions from the crucial OpenAI cloud-computing partner show the uneven returns from the nascent technology that many business leaders believe is the future but has so far yielded limited productivity gains. Oracle, long a smaller cloud player, ha ...