Oracle shares fell 3.4% in the afternoon session after Business Insider reported that co-CEO Clay Magouyrk told an internal town hall the company had struggled to make generative artificial intelligence useful for its own staff despite spending billions building AI infrastructure for others. According to the report, Chief Information Officer Jae Evans said the company faced sticker shock from the high costs of OpenAI models such as GPT-6 Astra, while Oracle also hit software development bottlenecks and high false-positive rates from Anthropic's Mythos tool. The shares later recovered some ground to $145.59, down 3.3% from the previous close. Oracle is down 25.6% since the start of the year and trades 55.6% below its 52-week high of $328.15 from September 2025.
Oracle CorporationInternal report says Oracle struggled to make generative AI useful for its own staff despite billions spent on AI infrastructure, hitting software development bottlenecks and high false-positive rates.
Mentioned only as the maker of the Mythos tool that produced high false-positive rates for Oracle.
Mentioned only as the provider whose GPT-6 Astra models caused sticker shock over high costs for Oracle.
