The plan is to charge per core...tensor core
Oracle is underwater on its $300B OpenAI deal
81–90 of 194 posts
Re: Oracle is underwater on its $300B OpenAI deal
#82Earlier quoted context omitted.
And the search engine and crawler actually powering these LLMs
How is that not a conflict of interest by the way, when Google's AI search results prevent the websites it trained on from getting clicks?
How is it different than Google Summaries or AMP or any of the other ways Google tried to keep people from actually visiting the websites that drive all of their traffic.
Re: Oracle is underwater on its $300B OpenAI deal
#83So this economist is saying that a deal is only good if it raises the subjective share price? That is some distorted world view of finance that aims to just repeat the ai bubble narrative that is popular these days
Re: Oracle is underwater on its $300B OpenAI deal
#84FT uses "underwater" because the deal was $300 Billion and the stock has lost $315 Billion in market cap since the deal. That's a bit of a stretch, but the rest of the article is very good.
FT Alphaville is the (very good) blog-style section of the FT, so this point is meant slightly tongue-in-cheek, as Bryce hints at himself.
And as it won't be obvious to everyone here: Alphaville is one of the few free parts of FT online. You need to create an account to access it, but don't need a paid subscription.
Re: Oracle is underwater on its $300B OpenAI deal
#85Oracle has no IP in this deal. All they are doing is unpacking Nvidia servers, plugging it in, and keeping them cool. They get 15% markup for this.
I mean that doesn’t have a $0 cost.
It's real upfront cost. They got to build the DCs and put in the hardware.
OpenAI's side of those deals are just announcements, which may become real. Or not.
Re: Oracle is underwater on its $300B OpenAI deal
#86I am Joe's complete lack of surprise.
Re: Oracle is underwater on its $300B OpenAI deal
#87I seem to recall Musk saying something about OpenAI being over-valued/under-funded earlier this year. Of course he was summarily booed off the stage by the startup crowd.
Re: Oracle is underwater on its $300B OpenAI deal
#88Earlier quoted context omitted.
Google also has $100 billion in profit each year from it's core business to wait out OpenAI.
Google is also conflicted though. The more they emulate ChatGPT's clean UI, the more they are failing to push ads in people's faces, which is what generates that $100B for them. Their business model fails if their users don't experience a confusing crap-fest of ads.
Google also has GCP where it can monetize its hardware investments.
Re: Oracle is underwater on its $300B OpenAI deal
#89I seem to recall Musk saying something about OpenAI being over-valued/under-funded earlier this year. Of course he was summarily booed off the stage by the startup crowd.
Musk managed to attract so much negative attention that he is going to be booed no matter what.
I happen to agree with him re OpenAI...
Re: Oracle is underwater on its $300B OpenAI deal
#90Earlier quoted context omitted.
So you shorted Oracle and made money?
Knowing a stock is overpriced and knowing when it will correct precisely enough to profit are very different.
Sure but everyone knows when earnings happens. If you think something is overpriced and a new balance sheet liability will "show" it, shorting around after earnings with something simple (a hedged short or a put) isn't that hard.
If not you're just doing the social media thing where you say opinions that the peanut gallery is likely to agree with and smash the upvote button. I guess it's safer to fish for upvotes than money?