OpenAI looms over earnings from tech hyperscalers

the four big tech hyperscalers — amazon, alphabet, meta, and microsoft — report quarterly earnings this week, and openai is hovering over all of them. the chatgpt creator, valued at over $850 billion by private investors, doesn't release public financials but has become a proxy for the ai trade. on tuesday, a wall street journal report said openai missed revenue and user growth projections, sinking shares of oracle, nvidia, amd, and broadcom. openai called the report "ridiculous." the same day, amazon announced openai's models would be available on aws. microsoft has pumped $13 billion into openai; amazon recently committed $50 billion. alphabet competes directly with gemini, but shares have more than doubled in the past year as gemini caught up and google cloud boomed. roth analysts called openai a "manageable" threat. at meta, ceo sam altman said on a podcast that meta tried to poach openai employees with signing bonuses as high as $100 million. meta's tech chief said the hiring environment is "unprecedented."