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Oracle 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 existentia

Oracle 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.

symfoniq 10mo ago
So you’re saying there’s an upside?
- marcosdumay 10mo ago
  Maybe the entire purpose of OpenAI was to suck all the inflation the US government created on the last decade and burn it out in a huge bonfire at the end of its life. Sam Altman has been playing 6-D chess this entire time, and we thought he was just a fraudster.
  - ramesh31 10mo ago
    >Maybe the entire purpose of OpenAI was to suck all the inflation the US government created on the last decade and burn it out in a huge bonfire at the end of its life. This has seriously crossed my mind as well. Like we've reached an endgame here where big tech has now found a way to literally burn off trillions of dollars into waste heat.
  - dipsheetpatel 10mo ago
    >fraudster excuse me sweaty, AGI is actually around the corner
  - coffeemug 10mo ago
    In a universe where all AI investment goes to zero, wouldn’t you have the opposite effect? You can torch wealth but not the money supply, which ultimately _increases_ inflation, not decreases it. There is only a short term inflation decrease while we produce what people mistakingly think is wealth. That can evaporate, but the money supply won’t.
    - marcosdumay 10mo ago
      It's confusing, but bankruptcy destroys mainly money, and only has second order effects on wealth. What makes it hard to understand is that the Oracle going bankrupt on their debit because OpenAI took all their money is what would destroy the money. AFAIK, OpenAI itself doesn't have a lot of debit to burn. It would burn money that is currently on the hands of Oracle's creditors. And bankruptcy is a bit of an extreme example, but just people thinking Oracle is less credit-worthy would destroy some money already. Repeat that for every company that invested in OpenAI.
matsz 10mo ago
Finally, been waiting for this moment since I've learned about Oracle. Would be well-deserved for them. Hope Larry Ellison loses his yacht.
- deleted 10mo ago
  [deleted]
- water-data-dude 10mo ago
  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!
  - lifestyleguru 10mo ago
    That dude literally launched medical foundation for his personal healthcare.
  - kstrauser 10mo ago
    > to keep Larry Ellison alive This is called “begging the question”. I need some evidence that Ellison is not an undead.
    - kergonath 10mo ago
      An undead lawn mower.
- hypeatei 10mo ago
  These people are in the class that never fails. Ellison won't lose anything.
  - matsz 10mo ago
    One can dream.
  - RobotToaster 10mo ago
jandrese 10mo ago
Don't they still sell a database product? As long as they don't do the Venture Capital thing and sell off the most promising business units there should still be something for the company to do after the AI bubble implodes. Certainly there will be a lot of layoffs, and maybe even a chapter 13, but I don't think they'll stop existing.
- chasil 10mo ago
  Oracle Database Enterprise Edition retails at $47,500 per CPU core (there is a 2-for-1 discount on x86) when licensed this way. There is extreme caution in deploying new Oracle databases, more so than SQL Sever.
- raw_anon_1111 10mo ago
  To a first approximation, no new company says “after looking at all of the alternatives, I think we should choose Oracle!” Also when was the last time you heard companies migrating to Oracle from any DB?
blibble 10mo ago
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
lifestyleguru 10mo ago
Oh god, that'd be finally some good news in this recent brutal and sad time period.

Oracle 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.

symfoniq 10mo ago

So you’re saying there’s an upside?

marcosdumay 10mo ago
Maybe the entire purpose of OpenAI was to suck all the inflation the US government created on the last decade and burn it out in a huge bonfire at the end of its life. Sam Altman has been playing 6-D chess this entire time, and we thought he was just a fraudster.
- ramesh31 10mo ago
  >Maybe the entire purpose of OpenAI was to suck all the inflation the US government created on the last decade and burn it out in a huge bonfire at the end of its life. This has seriously crossed my mind as well. Like we've reached an endgame here where big tech has now found a way to literally burn off trillions of dollars into waste heat.
- dipsheetpatel 10mo ago
  >fraudster excuse me sweaty, AGI is actually around the corner
- coffeemug 10mo ago
  In a universe where all AI investment goes to zero, wouldn’t you have the opposite effect? You can torch wealth but not the money supply, which ultimately _increases_ inflation, not decreases it. There is only a short term inflation decrease while we produce what people mistakingly think is wealth. That can evaporate, but the money supply won’t.
  - marcosdumay 10mo ago
    It's confusing, but bankruptcy destroys mainly money, and only has second order effects on wealth. What makes it hard to understand is that the Oracle going bankrupt on their debit because OpenAI took all their money is what would destroy the money. AFAIK, OpenAI itself doesn't have a lot of debit to burn. It would burn money that is currently on the hands of Oracle's creditors. And bankruptcy is a bit of an extreme example, but just people thinking Oracle is less credit-worthy would destroy some money already. Repeat that for every company that invested in OpenAI.

matsz 10mo ago

Finally, been waiting for this moment since I've learned about Oracle. Would be well-deserved for them. Hope Larry Ellison loses his yacht.

deleted 10mo ago
[deleted]
water-data-dude 10mo ago
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!
- lifestyleguru 10mo ago
  That dude literally launched medical foundation for his personal healthcare.
- kstrauser 10mo ago
  > to keep Larry Ellison alive This is called “begging the question”. I need some evidence that Ellison is not an undead.
  - kergonath 10mo ago
    An undead lawn mower.
hypeatei 10mo ago
These people are in the class that never fails. Ellison won't lose anything.
- matsz 10mo ago
  One can dream.
- RobotToaster 10mo ago

jandrese 10mo ago

Don't they still sell a database product? As long as they don't do the Venture Capital thing and sell off the most promising business units there should still be something for the company to do after the AI bubble implodes. Certainly there will be a lot of layoffs, and maybe even a chapter 13, but I don't think they'll stop existing.

chasil 10mo ago
Oracle Database Enterprise Edition retails at $47,500 per CPU core (there is a 2-for-1 discount on x86) when licensed this way. There is extreme caution in deploying new Oracle databases, more so than SQL Sever.
raw_anon_1111 10mo ago
To a first approximation, no new company says “after looking at all of the alternatives, I think we should choose Oracle!” Also when was the last time you heard companies migrating to Oracle from any DB?

blibble 10mo ago

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

lifestyleguru 10mo ago

Oh god, that'd be finally some good news in this recent brutal and sad time period.