Oracle's Secret Weapon Against AI Customer Risk Has a Fatal Flaw

Oracle can move AI capacity around fast, but it may not matter.Oracle (ORCL +0.49%) is signing mega-deals to deliver AI infrastructure to hundreds of clients. The company's remaining performance obligations, a metric that measures the value of signed customer contracts that haven't yet been recognized as revenue, reached $523 billion at the end of the most recent quarter.While Oracle has more than 700 AI customers, OpenAI accounts for most of that backlog. A reported $300 billion cloud infrastructure deal w ...