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Oracle hit hard in Wall Street's tech sell-off over its AI bet

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Re: Oracle hit hard in Wall Street's tech sell-off over its AI bet

#91

Post by refulgentis »

theoldgreybeard wrote: post #87
refulgentis wrote: post #78

Earlier quoted context omitted.

Very unlikely (are you a greybeard? you should know this, unless we're at some sort of resentment > rational local minima)

sam altman just needs another trillion dollars and then we'll finally have AGI and then the robots will do all the work and everyone will get a million dollars per year in UBI and everything will be perfect promise

If you're a greybeard, you would have lived this with many, many, companies, and I extremely doubt you'd be so fixated and angry as to mumble through a parody of what you perceive the counterargument as.

Mine were Uber/Tesla, fwiw.

Re: Oracle hit hard in Wall Street's tech sell-off over its AI bet

#93

Post by anoncareer0212 »

causal wrote: post #90
refulgentis wrote: post #83

Earlier quoted context omitted.

It's not actually subsidized and the economics of smaller/self-hosted models are a much, much, worse nightmare (source: guy who spent last 2 years maintaining llama.cpp && any provider you can think of) (why is it bad? same reason why 20 cars vs. 1 bus is bad. same reason why only being able to use transportation if you own a car would be bad)

> It's not actually subsidized Source?

Source on it being subsidized? :) (there isn't one, other than an aggro subset of people lying to eachother that somehow literally everyone is losing money, while posting record profit margins) (https://en.wikipedia.org/wiki/Hitchens%27s_razor)

Re: Oracle hit hard in Wall Street's tech sell-off over its AI bet

#94

Post by [deleted] »

rwmj wrote: post #88
lenerdenator wrote: post #34

What do you call Larry Ellison losing enough wealth to equal the yearly economic output of a small American metro area? A nice start. EDIT: Downvote it all you want, he's not going to increase your pay.

If Oracle implodes because of their debt (or any other reason actually), it'll make my day.

[deleted]

Re: Oracle hit hard in Wall Street's tech sell-off over its AI bet

#95

Post by daveguy »

re-thc wrote: post #60
neom wrote: post #19

Earlier quoted context omitted.

Yeah, and then the Canadian government handed hundreds of millions to the kids at Cohere who have now gone spent it on Coreweave. When it was all announced I was very very vocal that using an inexperienced startup for the sovereign compute capabilities seemed a very poor choice. I'm so curious to see how this all plays out.

> When it was all announced I was very very vocal that using an inexperienced startup for the sovereign compute capabilities seemed a very poor choice. Cohere raised from Nvidia. Cohere spends on Coreweave. Coreweave raised from Nvidia and buys Nvidia chips. This is why they buy from Coreweave.

You're not implying there is corruption in the form of circular deal making in the AI/Tech industry, are you?

Re: Oracle hit hard in Wall Street's tech sell-off over its AI bet

#96

Post by anoncareer0212 »

philipwhiuk wrote: post #89
refulgentis wrote: post #81

Earlier quoted context omitted.

It's not subsidized, lol. Generally, I worry HN is in a dark place with this stuff - look how this thread goes, ex. descendant of yours is at "Why would I ever pay for this when it hallucinates." I don't understand how you can be a software engineer and afford to have opinions like that. I'm worried for those who do, genuinely, I hope transitions out there are slow enough, due to obstinance, that they're not cast out…

> It's not subsidized, lol. It's subsidised by VC funding. At some point the gravy train stops and they have to pivot to profit so that the VCs deliver return-on-investment. Look at Facebook shoving in adverts, Uber jacking up the price, etc. > I don't understand how you can be a software engineer and afford to have opinions like that I don't know how you can afford not to realise that there's a fixed value prop here…

This is all about OpenAI, not about AI being subsidized...with some sort of directive to copy/paste "OpenAI" for all the big AI providers? (presumably you meant s/OpenAI/$PROVIDER?)

If that's what you meant: Google. Boom.

Also, perhaps you're a bit new to industry, but that's how these things go. They burn a lot of capital building it out b/c they can always fire everyone and just serve at cost -- i.e. subsidizing business development is different from subsiziding inference, unless you're just sort of confused and angry at the whole situation and it all collapses into everyone's losing money and no one will admit it.

Re: Oracle hit hard in Wall Street's tech sell-off over its AI bet

#98

Post by theoldgreybeard »

refulgentis wrote: post #91
theoldgreybeard wrote: post #87

Earlier quoted context omitted.

sam altman just needs another trillion dollars and then we'll finally have AGI and then the robots will do all the work and everyone will get a million dollars per year in UBI and everything will be perfect promise

If you're a greybeard, you would have lived this with many, many, companies, and I extremely doubt you'd be so fixated and angry as to mumble through a parody of what you perceive the counterargument as. Mine were Uber/Tesla, fwiw.

I'm not angry, I'm having a great time.

Re: Oracle hit hard in Wall Street's tech sell-off over its AI bet

#99

Post by bofadeez »

lenerdenator wrote: post #34

What do you call Larry Ellison losing enough wealth to equal the yearly economic output of a small American metro area? A nice start. EDIT: Downvote it all you want, he's not going to increase your pay.

Business failure is an important part of capitalism; it frees up resources to be allocated to productive businesses. A state bailout creates malinvestment and is antithetical to free market capitalism.

Re: Oracle hit hard in Wall Street's tech sell-off over its AI bet

#100

Post by smallmancontrov »

francisofascii wrote: post #30

Oracle stock down 25% for the past month, but still up 35% for the year and 300% for 5 years.

Are they building something useful or did Larry just snag a bunch of GPUs, flip the gpu time for good money, and extrapolate mega exponential growth in his guidance?
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