“Oracle is already underwater on its ‘astonishing’ $300bn OpenAI deal”

Of course it is. *Nobody* is making money on AI.

(Except Nvidia.)

(For now.)

https://www.ft.com/content/064bbca0-1cb2-45ab-85f4-25fdfc318d89

Oracle’s astonishing $300bn OpenAI deal is now valued at minus $74bn

And suddenly, there may be a reverse Midas at the centre of AI’s circular economy

Financial Times

@maxleibman

Ellison is going to have to sell a couple of yachts.

@intothewestaway @maxleibman

I think the correct fate for him is to have one of those flock surveillance cameras stapled to his forehead, you know so he can be on his best behavior like the rest of us.

He had a reputation in Silicon Valley many decades ago and nothing about his personality has changed in the time since.