(Clockwise from top, left to right): OpenAI CEO Sam Altman, X CEO Elon Musk, Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg. AFP/Getty Images/Reuters New York —

Time has announced that the “architects of AI” are its Person of the Year. Certainly, AI is wrapping up an extraordinary year, and many AI business executives have become household names.

But Time’s big annual event came on a lousy day for the industry.

Oracle ( ORCL ) shares are plummeting more than 12% in premarket trading after the cloud computing giant reported massive AI-related expenses and a worse-than-expected outlook. That dragged the broader market lower, and just about every AI stock was set to sink Thursday.

A painting by Jason Seiler for TIME Person of the Year 2025. Painting by Jason Seiler for TIM

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