Larry Ellison’s betting everything on OpenAI. Will it pay off or pop the bubble?
2 Articles
2 Articles
Larry Ellison’s betting everything on OpenAI. Will it pay off or pop the bubble?
Oracular spectacular? | Image: Cath Virginia / The Verge If you want to know whether the AI bubble is bursting, there's only one publicly traded company that will tell you: Oracle. That's right, the database company. Oracle has burned its boats and pivoted to AI, but not in any kind of usual way. It is not a foundation model builder like OpenAI or Anthropic, obviously. It's not quite a neocloud, though it has entered the same bare-metal busines…
Larry Ellison's risky bet: Oracle puts everything on OpenAI. Will it bear fruit or will it blow out the AI bubble? Oracle's action drops after OpenAI has missed its revenue targetsAnalysts are increasingly doubting the strength of Oracle's big bet on OpenAI. Larry Ellison's company has reoriented its entire strategy towards AI in order to counter the decline of its historical activities. It has entered into a giant contract of $300 billion with …
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