India, Feb. 5 -- Oracle issued a public statement to address reports linking its massive infrastructure spending to potential large-scale job cuts. The company clarified its financial relationship with OpenAI and addressed market concerns.

Oracle's statement on social media platform X aimed to decouple its partnership with OpenAI from recent news about a stalled USD 100 billion investment proposal from NVIDIA into OpenAI. Oracle stated that the non-binding NVIDIA-OpenAI deal had 'zero-impact' on its own financial agreements.

The NVIDIA-OpenAI deal has zero impact on our financial relationship with OpenAI. We remain highly confident in OpenAI's ability to raise funds and meet its commitments.

The company maintains high confidence in Ope...