Dare ObasanjoJan 31

This week Microsoft stock tanked -12% on revelations that 45% of its Azure customer backlog is OpenAI.

Oracle is now struggling to get loans to pay for its data center buildout to meet its $300B deal with OpenAI. They may need layoffs to come up with the money.

The underlying theme being bankers don’t believe OpenAI will have the money to pay these bills and it’s pulling down companies doing business with it.

https://www.cio.com/article/4125103/oracle-may-slash-up-to-30000-jobs-to-fund-ai-data-center-expansion-as-us-banks-retreat.html

Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat

Oracle is considering workforce cuts and selling Cerner to alleviate financial pressure, warns investment bank TD Cowen.

CIO
Show threadSir Osis of Liver 🇨🇦 🇲🇽

@carnage4life

Oracle and OpenAI are both a mess, and debt holders are starting to turn on them.

https://www.reuters.com/sustainability/boards-policy-regulation/oracle-sued-by-bondholders-over-losses-tied-ai-buildout-2026-01-14/

Jan 31 at 2:19pmWeb
Show threadSir Osis of Liver 🇨🇦 🇲🇽Jan 31

@carnage4life

Interview with Ed Zitron on the AI bubble.

He covers all the claims contrasted with the reality of the current state of AI.

https://www.youtube.com/watch?v=j2nE3_HCvoU

AI bubble: Data centre cancellations are sky rocketing | Ed Zitron

YouTube