Shares of technology companies fell amid doubts about artificial-intelligence profitability.
The Financial Times on Thursday reported that OpenAI has said its revenues were approaching $50 billion on an annualized basis toward the end of last month, citing financial documents shared with investors.
Shares of AI bellwether Nvidia fell by almost 3%. Oracle, which has borrowed heavily to provide computing capacity to OpenAI and other firms, slid by more than 5%.
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