Oracle’s Big Tech rivals such as Amazon, Microsoft, and Google have helped reassure investors about their large capital investments by posting strong earnings from their vast cloud units. But in the last quarter, Oracle’s cloud infrastructure business, which includes its data centers, posted worse than expected revenues of $4.1 billion. Ellison’s company is also relying… Read More »
“That is a huge liability and credit risk for Oracle. Your main customer, biggest customer by far, is a venture capital-funded start-up,” said Andrew Chang, a director at S&P Global. OpenAI faces questions about how it plans to meet its commitments to spend $1.4 trillion on AI infrastructure over the next eight years. It has… Read More »
Stargate moves forward despite early skepticism When OpenAI announced Stargate in January, critics questioned whether the company could deliver on its ambitious $500 billion funding promise. Trump ally and frequent Altman foe Elon Musk wrote on X that “They don’t actually have the money,” claiming that “SoftBank has well under $10B secured.” Tech writer and… Read More »
reader comments 155 On Thursday, Oracle co-founder Larry Ellison shared his vision for an AI-powered surveillance future during a company financial meeting, reports Business Insider. During an investor Q&A, Ellison described a world where artificial intelligence systems would constantly monitor citizens through an extensive network of cameras and drones, stating this would ensure both police… Read More »