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.
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!
Larry Ellison owns 40% of Oracle ($625B market cap) as of today. So even if Oracle tanks and becomes a $60B company (10% of what is worth today), Larry will still be a billionaire worth $25B. He will keep his private islands and yachts.
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.
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.
matsz|3 months ago
water-data-dude|3 months ago
onesociety2022|3 months ago
unknown|3 months ago
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hypeatei|3 months ago
elzbardico|3 months ago
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symfoniq|3 months ago
marcosdumay|3 months ago
Sam Altman has been playing 6-D chess this entire time, and we thought he was just a fraudster.
lifestyleguru|3 months ago
jandrese|3 months ago
chasil|3 months ago
There is extreme caution in deploying new Oracle databases, more so than SQL Sever.
raw_anon_1111|3 months ago
Also when was the last time you heard companies migrating to Oracle from any DB?
blibble|3 months ago
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