Gareth Gore
@garethgore.bsky.social
Writing about the money behind Silicon Valley at IFR
Author of OPUS, published by Simon & Schuster
“Vividly told and excellently researched" - Financial Times
Author of OPUS, published by Simon & Schuster
“Vividly told and excellently researched" - Financial Times
Oracle will ask investors to inject as much as $50bn into the company, as the beleaguered cloud computing provider seeks to address concerns over the gargantuan amounts of debt it is taking on to fulfil commitments made to hyperscaler clients such as OpenAI
www.ifre.com/bonds/237887...
www.ifre.com/bonds/237887...
Oracle unveils US$50bn capital raise in bid to steady nerves over debt | IFR
www.ifre.com
February 2, 2026 at 11:30 AM
Oracle will ask investors to inject as much as $50bn into the company, as the beleaguered cloud computing provider seeks to address concerns over the gargantuan amounts of debt it is taking on to fulfil commitments made to hyperscaler clients such as OpenAI
www.ifre.com/bonds/237887...
www.ifre.com/bonds/237887...
Reposted by Gareth Gore
OpenAI faces a $20bn black hole in its accounts this year, as a series of buy now, pay later deals with suppliers start to come due
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
OpenAI faces financial crunch point as huge supplier bills start to come due | IFR
People & Markets
Founder Sam Altman tours Middle East to raise cash to fill US$20bn black hole in accounts
www.ifre.com
January 23, 2026 at 1:32 PM
OpenAI faces a $20bn black hole in its accounts this year, as a series of buy now, pay later deals with suppliers start to come due
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
Reposted by Gareth Gore
Reposted by Gareth Gore
<eyeballs>
OpenAI faces a $20bn black hole in its accounts this year, as a series of buy now, pay later deals with suppliers start to come due
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
OpenAI faces financial crunch point as huge supplier bills start to come due | IFR
People & Markets
Founder Sam Altman tours Middle East to raise cash to fill US$20bn black hole in accounts
www.ifre.com
January 23, 2026 at 3:38 PM
<eyeballs>
Reposted by Gareth Gore
The bill always comes due.
OpenAI faces a $20bn black hole in its accounts this year, as a series of buy now, pay later deals with suppliers start to come due
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
OpenAI faces financial crunch point as huge supplier bills start to come due | IFR
People & Markets
Founder Sam Altman tours Middle East to raise cash to fill US$20bn black hole in accounts
www.ifre.com
January 23, 2026 at 3:35 PM
The bill always comes due.
Reposted by Gareth Gore
When OpenAI goes under - and it will, because it's grossly overvalued - it's going to make the 2000 dotcom crash look like a walk in the park
It's going to take out so many tech companies who have pinned their fortunes on Altman being able to pay his bills on time and in full
It's going to take out so many tech companies who have pinned their fortunes on Altman being able to pay his bills on time and in full
OpenAI faces a $20bn black hole in its accounts this year, as a series of buy now, pay later deals with suppliers start to come due
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
OpenAI faces financial crunch point as huge supplier bills start to come due | IFR
People & Markets
Founder Sam Altman tours Middle East to raise cash to fill US$20bn black hole in accounts
www.ifre.com
January 23, 2026 at 3:49 PM
When OpenAI goes under - and it will, because it's grossly overvalued - it's going to make the 2000 dotcom crash look like a walk in the park
It's going to take out so many tech companies who have pinned their fortunes on Altman being able to pay his bills on time and in full
It's going to take out so many tech companies who have pinned their fortunes on Altman being able to pay his bills on time and in full
Reposted by Gareth Gore
Reposted by Gareth Gore
Great piece @garethgore.bsky.social
This quote: “OpenAI was only able to raise capital primarily from one investor – SoftBank – during its last fundraise, which is one signal that there are not a lot of investors that are willing to participate at this size.”
This quote: “OpenAI was only able to raise capital primarily from one investor – SoftBank – during its last fundraise, which is one signal that there are not a lot of investors that are willing to participate at this size.”
OpenAI faces a $20bn black hole in its accounts this year, as a series of buy now, pay later deals with suppliers start to come due
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
OpenAI faces financial crunch point as huge supplier bills start to come due | IFR
People & Markets
Founder Sam Altman tours Middle East to raise cash to fill US$20bn black hole in accounts
www.ifre.com
January 23, 2026 at 3:53 PM
Great piece @garethgore.bsky.social
This quote: “OpenAI was only able to raise capital primarily from one investor – SoftBank – during its last fundraise, which is one signal that there are not a lot of investors that are willing to participate at this size.”
This quote: “OpenAI was only able to raise capital primarily from one investor – SoftBank – during its last fundraise, which is one signal that there are not a lot of investors that are willing to participate at this size.”
Reposted by Gareth Gore
Do you hear that, Mr Altman...
January 23, 2026 at 3:18 PM
Do you hear that, Mr Altman...
Reposted by Gareth Gore
OpenAI faces a $20bn black hole in its accounts this year, as a series of buy now, pay later deals with suppliers start to come due
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
OpenAI faces financial crunch point as huge supplier bills start to come due | IFR
People & Markets
Founder Sam Altman tours Middle East to raise cash to fill US$20bn black hole in accounts
www.ifre.com
January 23, 2026 at 1:32 PM
OpenAI faces a $20bn black hole in its accounts this year, as a series of buy now, pay later deals with suppliers start to come due
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
Reposted by Gareth Gore
Oracle is being sued by bond investors, who say it misled them about the amount of debt it would need to take on to fulfil its $300bn deal with OpenAI
Larry Ellison, two executives and sixteen banks are named as co-defendants in the lawsuit
www.ifre.com/bonds/236980...
Larry Ellison, two executives and sixteen banks are named as co-defendants in the lawsuit
www.ifre.com/bonds/236980...
Oracle sued by investors over "false and misleading" US$18bn bond deal | IFR
Bonds
Investors say they “suffered significant losses and damages” as a result of omissions
www.ifre.com
January 15, 2026 at 2:31 PM
Oracle is being sued by bond investors, who say it misled them about the amount of debt it would need to take on to fulfil its $300bn deal with OpenAI
Larry Ellison, two executives and sixteen banks are named as co-defendants in the lawsuit
www.ifre.com/bonds/236980...
Larry Ellison, two executives and sixteen banks are named as co-defendants in the lawsuit
www.ifre.com/bonds/236980...
Oracle is being sued by bond investors, who say it misled them about the amount of debt it would need to take on to fulfil its $300bn deal with OpenAI
Larry Ellison, two executives and sixteen banks are named as co-defendants in the lawsuit
www.ifre.com/bonds/236980...
Larry Ellison, two executives and sixteen banks are named as co-defendants in the lawsuit
www.ifre.com/bonds/236980...
Oracle sued by investors over "false and misleading" US$18bn bond deal | IFR
Bonds
Investors say they “suffered significant losses and damages” as a result of omissions
www.ifre.com
January 15, 2026 at 2:31 PM
Oracle is being sued by bond investors, who say it misled them about the amount of debt it would need to take on to fulfil its $300bn deal with OpenAI
Larry Ellison, two executives and sixteen banks are named as co-defendants in the lawsuit
www.ifre.com/bonds/236980...
Larry Ellison, two executives and sixteen banks are named as co-defendants in the lawsuit
www.ifre.com/bonds/236980...
OpenAI faces jury trial after judge sides with Musk over "ill-gotten gains"
The case could threaten its $10bn deal with Microsoft and complicate efforts to finance its huge AI ambitions
www.ifre.com/equities/236...
The case could threaten its $10bn deal with Microsoft and complicate efforts to finance its huge AI ambitions
www.ifre.com/equities/236...
OpenAI faces jury trial after judge sides with Musk over 'ill-gotten gains' | IFR
People & Markets
AI developer accused of reneging on its commitment to remain a non-profit
www.ifre.com
January 9, 2026 at 3:07 PM
OpenAI faces jury trial after judge sides with Musk over "ill-gotten gains"
The case could threaten its $10bn deal with Microsoft and complicate efforts to finance its huge AI ambitions
www.ifre.com/equities/236...
The case could threaten its $10bn deal with Microsoft and complicate efforts to finance its huge AI ambitions
www.ifre.com/equities/236...
Reposted by Gareth Gore
Elon Musk's xAI shakes off the recent Grok controversy to raise $20bn for its AI buildout
The deal, backed by Valor and the Qataris, is one of the largest private company funding rounds of all time
www.ifre.com/equities/236...
The deal, backed by Valor and the Qataris, is one of the largest private company funding rounds of all time
www.ifre.com/equities/236...
XAI shakes off Grok controversy to raise US$20bn for AI buildout | IFR
www.ifre.com
January 7, 2026 at 3:24 PM
Elon Musk's xAI shakes off the recent Grok controversy to raise $20bn for its AI buildout
The deal, backed by Valor and the Qataris, is one of the largest private company funding rounds of all time
www.ifre.com/equities/236...
The deal, backed by Valor and the Qataris, is one of the largest private company funding rounds of all time
www.ifre.com/equities/236...
Elon Musk's xAI shakes off the recent Grok controversy to raise $20bn for its AI buildout
The deal, backed by Valor and the Qataris, is one of the largest private company funding rounds of all time
www.ifre.com/equities/236...
The deal, backed by Valor and the Qataris, is one of the largest private company funding rounds of all time
www.ifre.com/equities/236...
XAI shakes off Grok controversy to raise US$20bn for AI buildout | IFR
www.ifre.com
January 7, 2026 at 3:24 PM
Elon Musk's xAI shakes off the recent Grok controversy to raise $20bn for its AI buildout
The deal, backed by Valor and the Qataris, is one of the largest private company funding rounds of all time
www.ifre.com/equities/236...
The deal, backed by Valor and the Qataris, is one of the largest private company funding rounds of all time
www.ifre.com/equities/236...
Reposted by Gareth Gore
Interesting. Why the delay, Leo?
Two hundred attend summit on Opus Dei abuse
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com/p/two-hundre...
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com/p/two-hundre...
Two hundred attend summit on Opus Dei abuse
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com
December 20, 2025 at 4:24 AM
Interesting. Why the delay, Leo?
Reposted by Gareth Gore
Two hundred attend summit on Opus Dei abuse
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com/p/two-hundre...
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com/p/two-hundre...
Two hundred attend summit on Opus Dei abuse
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com
December 19, 2025 at 6:25 PM
Two hundred attend summit on Opus Dei abuse
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com/p/two-hundre...
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com/p/two-hundre...
Reposted by Gareth Gore
The abrupt shift in debt policy comes after a brutal few weeks for Oracle in markets
After reaching a record high in September, when it was briefly valued just below US$1trn, Oracle's shares have since fallen by almost half
The sell-off has wiped $480bn off its market cap
After reaching a record high in September, when it was briefly valued just below US$1trn, Oracle's shares have since fallen by almost half
The sell-off has wiped $480bn off its market cap
December 19, 2025 at 1:17 PM
The abrupt shift in debt policy comes after a brutal few weeks for Oracle in markets
After reaching a record high in September, when it was briefly valued just below US$1trn, Oracle's shares have since fallen by almost half
The sell-off has wiped $480bn off its market cap
After reaching a record high in September, when it was briefly valued just below US$1trn, Oracle's shares have since fallen by almost half
The sell-off has wiped $480bn off its market cap
Reposted by Gareth Gore
With the Age of Smiles upon us, everyone should be asking, “Is this good?”
(The AI bubble taking out CBS and TikTok is also going to be incredibly funny)
(The AI bubble taking out CBS and TikTok is also going to be incredibly funny)
Oracle has bowed to pressure and introduced a new policy to preserve its investment grade status — no matter what
The shift is aimed at calming investor nerves over the huge debts it's taking on to meet commitments made to clients like OpenAI
www.ifre.com/bonds/235747...
The shift is aimed at calming investor nerves over the huge debts it's taking on to meet commitments made to clients like OpenAI
www.ifre.com/bonds/235747...
Oracle makes new pledge on soaring debt in a bid to halt brutal selloff | IFR
"We expect and are committed to maintaining our investment-grade debt rating,” finance chief says
www.ifre.com
December 19, 2025 at 5:46 PM
With the Age of Smiles upon us, everyone should be asking, “Is this good?”
(The AI bubble taking out CBS and TikTok is also going to be incredibly funny)
(The AI bubble taking out CBS and TikTok is also going to be incredibly funny)
Two hundred attend summit on Opus Dei abuse
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com/p/two-hundre...
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com/p/two-hundre...
Two hundred attend summit on Opus Dei abuse
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com
December 19, 2025 at 6:25 PM
Two hundred attend summit on Opus Dei abuse
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com/p/two-hundre...
Summit was "encouraged" by Pope Leo — but he is yet to take action against group
garethgore.substack.com/p/two-hundre...
Reposted by Gareth Gore
Oracle has bowed to pressure and introduced a new policy to preserve its investment grade status — no matter what
The shift is aimed at calming investor nerves over the huge debts it's taking on to meet commitments made to clients like OpenAI
www.ifre.com/bonds/235747...
The shift is aimed at calming investor nerves over the huge debts it's taking on to meet commitments made to clients like OpenAI
www.ifre.com/bonds/235747...
Oracle makes new pledge on soaring debt in a bid to halt brutal selloff | IFR
"We expect and are committed to maintaining our investment-grade debt rating,” finance chief says
www.ifre.com
December 19, 2025 at 1:17 PM
Oracle has bowed to pressure and introduced a new policy to preserve its investment grade status — no matter what
The shift is aimed at calming investor nerves over the huge debts it's taking on to meet commitments made to clients like OpenAI
www.ifre.com/bonds/235747...
The shift is aimed at calming investor nerves over the huge debts it's taking on to meet commitments made to clients like OpenAI
www.ifre.com/bonds/235747...
Oracle has bowed to pressure and introduced a new policy to preserve its investment grade status — no matter what
The shift is aimed at calming investor nerves over the huge debts it's taking on to meet commitments made to clients like OpenAI
www.ifre.com/bonds/235747...
The shift is aimed at calming investor nerves over the huge debts it's taking on to meet commitments made to clients like OpenAI
www.ifre.com/bonds/235747...
Oracle makes new pledge on soaring debt in a bid to halt brutal selloff | IFR
"We expect and are committed to maintaining our investment-grade debt rating,” finance chief says
www.ifre.com
December 19, 2025 at 1:17 PM
Oracle has bowed to pressure and introduced a new policy to preserve its investment grade status — no matter what
The shift is aimed at calming investor nerves over the huge debts it's taking on to meet commitments made to clients like OpenAI
www.ifre.com/bonds/235747...
The shift is aimed at calming investor nerves over the huge debts it's taking on to meet commitments made to clients like OpenAI
www.ifre.com/bonds/235747...
Reposted by Gareth Gore
A credit derivatives market emerging hot on the heels of a debt binge that’s become the focal point of investor concerns over a financial bubble
Sound familiar?
NEW: AI debt frenzy gives birth to new CDS markets
w/ the inimitable @garethgore.bsky.social 👇
www.ifre.com/people-and-m...
Sound familiar?
NEW: AI debt frenzy gives birth to new CDS markets
w/ the inimitable @garethgore.bsky.social 👇
www.ifre.com/people-and-m...
December 8, 2025 at 11:57 AM
A credit derivatives market emerging hot on the heels of a debt binge that’s become the focal point of investor concerns over a financial bubble
Sound familiar?
NEW: AI debt frenzy gives birth to new CDS markets
w/ the inimitable @garethgore.bsky.social 👇
www.ifre.com/people-and-m...
Sound familiar?
NEW: AI debt frenzy gives birth to new CDS markets
w/ the inimitable @garethgore.bsky.social 👇
www.ifre.com/people-and-m...
Reposted by Gareth Gore
