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Oracle is underwater on its $300B OpenAI deal

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Re: Oracle is underwater on its $300B OpenAI deal

#21

Post by jandrese »

harshalizee wrote: post #5

Oracle is the one to look out for if/when the bubble bursts. Most of the big tech will be fine, albeit hurting for a while. For Oracle, this might be existential.

Don't they still sell a database product? As long as they don't do the Venture Capital thing and sell off the most promising business units there should still be something for the company to do after the AI bubble implodes. Certainly there will be a lot of layoffs, and maybe even a chapter 13, but I don't think they'll stop existing.

Re: Oracle is underwater on its $300B OpenAI deal

#25

Post by LunaSea »

Bricejm wrote: post #22
drivebyhooting wrote: post #8

It’s looking like Google may outdo OpenAI. ChatGPT has brand recognition and adoption, but not the best product anymore.

Google also has $100 billion in profit each year from it's core business to wait out OpenAI.

And the search engine and crawler actually powering these LLMs

Re: Oracle is underwater on its $300B OpenAI deal

#26

Post by reactordev »

throwacct wrote: post #15

so, these companies are playing hot potato and this is oracle holding it.

I so desperately want to make a snide comment about foreseeing the future but the reality is the CapX is so muddied that I’m afraid everyone is going to feel it.

Re: Oracle is underwater on its $300B OpenAI deal

#27

Post by imglorp »

bhouston wrote: post #16
drivebyhooting wrote: post #8

It’s looking like Google may outdo OpenAI. ChatGPT has brand recognition and adoption, but not the best product anymore.

> ChatGPT has brand recognition and adoption, but not the best product anymore. Companies with worse products win all the time based on brand and adoption. So it isn't clear to me at all that Google can win.

But what does win mean here? It's commoditized at this point, everyone's got options, and it's easy to swap models. This means the user share will be spread out among the different offerings. There's no winner take all scenario.

Re: Oracle is underwater on its $300B OpenAI deal

#28

Post by YetAnotherNick »

drivebyhooting wrote: post #8

It’s looking like Google may outdo OpenAI. ChatGPT has brand recognition and adoption, but not the best product anymore.

If you remove AGI dream from the equation, AI revenues couldn't come close everpresent ads on the internet which Google has monopoly over, and LLM directly affects Google core business.

Also Google doesn't have great business reputation for sticking to their APIs, so they need to be lot better than open model always, which it is now but my guess would be it wouldn't be for long.

Re: Oracle is underwater on its $300B OpenAI deal

#29

Post by ramesh31 »

marcosdumay wrote: post #17
symfoniq wrote: post #6

Earlier quoted context omitted.

So you’re saying there’s an upside?

Maybe the entire purpose of OpenAI was to suck all the inflation the US government created on the last decade and burn it out in a huge bonfire at the end of its life. Sam Altman has been playing 6-D chess this entire time, and we thought he was just a fraudster.

>Maybe the entire purpose of OpenAI was to suck all the inflation the US government created on the last decade and burn it out in a huge bonfire at the end of its life.

This has seriously crossed my mind as well. Like we've reached an endgame here where big tech has now found a way to literally burn off trillions of dollars into waste heat.

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