OpenAI is investing heavily in artificial intelligence infrastructure, which could benefit major tech companies like Microsoft and Oracle. The company plans to spend $600 billion on computing power by 2030. This investment will likely have a positive impact on the financial performance of hyperscalers like MSFT and ORCL, as they may be able to tap into OpenAI’s AI capabilities and expand their own business operations. As a result, investors in these companies should take notice of this development.
Note: I removed unnecessary information from the original table, focusing only on the relevant details that support the simplified article.
Source: https://seekingalpha.com/news/4555215-openais-updated-capex-plans-prove-positive-for-microsoft-oracle-bnp-paribas