Dare Obasanjo

This sadly has been inevitable since Oracle signed the deal with OpenAI for $300B of AI services over 5 years.

Oracle needs to build out data centers to handle the capacity but banks don’t think OpenAI will follow through so getting loans has been hard.

Massive cost cutting being the inevitable plan B.

Mar 5 at 8:18pmWeb
Show threadDr. DirtbagMar 5
@carnage4life Shedding appreciating assets (employees) to pay for depreciating ones (GPUs) is pure business genius.
Show threadFazal MajidMar 5
@drdirtbag @carnage4life specially since OpenAI is the one getting all the potential upside, and Oracle eating risk and fixed prices for an undifferentiated commodity. Then again Oracle is a despicable company and I will enjoy the schadenfreude.
Show threaddexterMar 5
@carnage4life oh no! Not the yacht racing team
Show threadFazal MajidMar 5
@carnage4life Ihope WBD’s board got ironclad guarantees from Ellison as opposed to the vague “Larry’s rich, he’s good for it” assurances they’d had previously.
Show threadklausfiend has movedMar 5
@carnage4life If this kills Oracle as a corporation, it will have all been worth it. My personal fantasy involves Larry Ellison wearing a sandwich board advertising carpet cleaning or something similarly mundane.