

Previously, on Awful, I predicted that Oracle would be all-in on the bubble:
Microsoft knows that there’s no money to be made here, and is eager to see how expensive that lesson will be for Oracle; Oracle is fairly new to the business of running a public cloud and likely thinks they can offer a better platform than Azure, especially when fueled by delicious Arabian oil-fund money.
But, uh, there’s not going to be any Arabian money while we’re dancing in the desert, blowing up the sunshine. The lawnmower is now running low on gas. Today, Oracle continues to make astoundingly bad business decisions:
Oracle is the only major player funding the AI buildout with debt, carrying over $100 billion on its books while free cash flow has gone negative.






It’s Hofstadter, isn’t it? That’s the author who I recognize most in these discussions, followed closely by Hermann Hesse.