Earlier quoted context omitted.
LOL the drop from 2 weeks ago is about 4%.
-20% in the last month
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Oracle is underwater on its $300B OpenAI deal
31–40 of 194 posts
Re: Oracle is underwater on its $300B OpenAI deal
#32Earlier quoted context omitted.
Finally, been waiting for this moment since I've learned about Oracle. Would be well-deserved for them. Hope Larry Ellison loses his yacht.
But there would be other consequences too, just consider the philanthropic organizations that Larry Ellison supports! Like the Ellison Medical Foundation, a non profit whose sole purpose is to keep Larry Ellison alive as long as possible!
> to keep Larry Ellison alive
This is called “begging the question”. I need some evidence that Ellison is not an undead.
Re: Oracle is underwater on its $300B OpenAI deal
#33Oracle 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.
unfortunately their database continues to print money from trapped customers
the "AI" is just an attempt to pump the stock price
OpenAI though can't survive as there's no business at all to fall back on
Re: Oracle is underwater on its $300B OpenAI deal
#34It’s looking like Google may outdo OpenAI. ChatGPT has brand recognition and adoption, but not the best product anymore.
Unless I’m missing something, Google doesn’t really have the “chat journal” aspect that ChatGPT has. It’s just a search engine.
For me personally this is a major feature.
Re: Oracle is underwater on its $300B OpenAI deal
#35Oracle 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.
Finally, been waiting for this moment since I've learned about Oracle. Would be well-deserved for them. Hope Larry Ellison loses his yacht.
These people are in the class that never fails. Ellison won't lose anything.
Re: Oracle is underwater on its $300B OpenAI deal
#36It’s looking like Google may outdo OpenAI. ChatGPT has brand recognition and adoption, but not the best product anymore.
Unless I’m missing something, Google doesn’t really have the “chat journal” aspect that ChatGPT has. It’s just a search engine. For me personally this is a major feature.
What's a chat journal besides a history, which Gemini has?
Re: Oracle is underwater on its $300B OpenAI deal
#37How is this even rational that companies "invest" billions of dollars that they dont even have? capitalism ad2025 is a joke
Wait until you discover that the bank doesn't have those dollars in your account.
Re: Oracle is underwater on its $300B OpenAI deal
#38It’s looking like Google may outdo OpenAI. ChatGPT has brand recognition and adoption, but not the best product anymore.
Unless I’m missing something, Google doesn’t really have the “chat journal” aspect that ChatGPT has. It’s just a search engine. For me personally this is a major feature.
Re: Oracle is underwater on its $300B OpenAI deal
#39Earlier quoted context omitted.
Finally, been waiting for this moment since I've learned about Oracle. Would be well-deserved for them. Hope Larry Ellison loses his yacht.
But there would be other consequences too, just consider the philanthropic organizations that Larry Ellison supports! Like the Ellison Medical Foundation, a non profit whose sole purpose is to keep Larry Ellison alive as long as possible!
That dude literally launched medical foundation for his personal healthcare.
Re: Oracle is underwater on its $300B OpenAI deal
#40One must love the projections of >50% YOY growth for 5 straight years.
Why not continue for the next 5 ? Maybe they will find customers on Mars.
This while situation is very strange - there are some big companies pouring tens of billions into it (Alphabet, Meta) - since they don't have anything better to do with the money printers they have, but there are several others whose valuations are based on completely unrealistic projections where their expected revenues in 5-10 years represent 99% of their current 'value'.