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Sterling Heights Police & Fire Retirement System

Coverage of Sterling Heights Police & Fire Retirement System in the Nexus archive.

Earliest in view: Jul 2 · 23:09 UTCMost recent: Jul 2 · 23:09 UTC
Co-mentioned in this coverage
Oracleorganization1OpenAIorganization1Davidson County, Tennesseeplace1$25 billion note offeringtopic1$300 billion cloud dealtopic1remaining performance obligationstopic1
Recent coverage
  • BUSINESSJul 2 · 23:09 UTCCOURTHOUSE NEWS
    Investors claim Oracle misled them over OpenAI deal

    A Michigan-based public pension fund filed a class-action lawsuit against Oracle, alleging the company misled investors about a $25 billion note offering tied to a $300 billion cloud deal with OpenAI. The lawsuit claims Oracle failed to disclose OpenAI's financial struggles, including missed revenue targets and doubts about its ability to pay for cloud services, which allegedly caused the value of the notes to plummet.