31–40 of 249 posts
Why is oracle invested in ai at all? It seems entirely unrelated to the value they offer.
And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…
No. At a national security level, the department of defense has already war-gamed mass unemployment. The defense sector would already have projected when the unemployment would happen and at what rate, I’m saying this to imply they had AI and judged its trajectory rather quickly awhile ago. Data centers WILL happen, mass unemployment WILL happen, simply because, smarter people made it, assessed it, cannot deny it, an…
And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…
It just takes a single surprise to shock the market into chaos. My timeline is before 2030.
And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…
We will look back on this AI bubble 10 years later and see that alongside with the private credit market, the funding of data centers via dubious methods (circular financing, billions of dollars of loans / debt) on top of mass layoffs for the sake of so-called "AGI" to cover up the massive losses will cause a market crash beyond the tech industry. It just takes a single surprise to shock the market into chaos. My tim…
Why is oracle invested in ai at all? It seems entirely unrelated to the value they offer.
Oracle is using AI as a way to justify their pivot into becoming a Tier 1 Hyperscaler - Oracle Cloud now represents 50% of Oracle's overall revenue.
Becoming a hyperscaler is expensive (compute is pricey and a massive fixed cost), and by building an AI Infra story, Oracle can make a valid case as to why I should give Oracle money to expand their DC capacity.
Additionally, OCI has been landing marquee logos like a major cybersecurity company who's name starts with C and a global rideshare platform, and is taking advantage of enterprise customers who are price sensitive or investing in a secondary cloud provider to reduce vendor dependency.
Earlier quoted context omitted.
Yes - if AGI is made, nearly immediately every knowledge worker’s labor value goes to zero over night. This may or may not include AI researchers.
That seems like a wrong economic theory to me. The economy is based on differential of value. I can make furniture, so it's worth less to me than it is to you. Therefore we can trade. That's what supply/demand is. If AGI somehow exists, then the value of intelligence drops to zero for both of us, there's nothing to trade. AGI would not make knowledge work valueless, it would move all the knowledge work value to the A…
Yep! That's the point :)
Why is oracle invested in ai at all? It seems entirely unrelated to the value they offer.
They are a software vendor, and the theory goes all the software vendors will go away, because AI will just build your business software on the fly. So they are trying to "become AI"! Also Oracle is owned by Larry Ellison and hes in a competition with the other tech bros.
Earlier quoted context omitted.
Yes - if AGI is made, nearly immediately every knowledge worker’s labor value goes to zero over night. This may or may not include AI researchers.
That seems like a wrong economic theory to me. The economy is based on differential of value. I can make furniture, so it's worth less to me than it is to you. Therefore we can trade. That's what supply/demand is. If AGI somehow exists, then the value of intelligence drops to zero for both of us, there's nothing to trade. AGI would not make knowledge work valueless, it would move all the knowledge work value to the A…
Those $300 billion dollar circular deals will become much more common.