alt Hacker NewsThere is AI data center overcapacity already. The KOSPI crashed last week, and it's a leading indicator for the cyclical hardware industry. It already had been that indicator in the 2000 bubble.
I don't know what possessed Ellison to ruin a functioning company, but it will be interesting if he gets a margin call for ORCL's other debt exposures, which are Ellison's massive loans against his ORCL stock.
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therobots927 • today at 5:38 PM
Well it seems like he bought the “AGI is 2 years away” line. As did… pretty much everyone in Silicon Valley.
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> I don't know what possessed Ellison to ruin a functioning company,
Same thing that drives all these execs of large companies - naked greed!
"If only we can fire all workers, imagine how profitable we'll be!"
They are attempting to set civilisation on fire with the intention of being on top when they no longer need humans.