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Oracle to raise $50B as AI debt piles up
- Thev00d00 8mo agoOracle were 40B in profit in 2024. Now they are out raising debt (again) and equity too, to fund DCs and hardware with no proven return. I cannot comprehend it.
- Ekaros 8mo agoMe neither. Isn't that enough? Does the line always have to go up? It really look like stock market and tech companies are classic gamblers. No gain or profit is good enough to just take it and stop.
- pjmlp 8mo agoUnfortunely yes, that is the MBA school, and then when the gamble fails, it is the employees that get shown the door, because company XYZ did not met their targets. CEO might even get a bonus as payoff for a risky move, from shareholders point of view, go figure this logic.
- dolphinscorpion 8mo agoOther than ego, maybe he sees the writing on the wall for his core business? But seeing all these new AI companies being valued at hundreds of billions must have driven Ellison crazy
- Ekaros 8mo agoCorrect business moves would have been to get Oracle products in all possible AI outputs... Not sure how that could be done, but still an idea.
- Bombthecat 8mo agoIt's 44 percent down the last 3 months...
- iberator 8mo agostock price, not assets.
- hearsathought 8mo ago[flagged]
- nubinetwork 8mo agoHow's that tiktok purchase going for you, Larry?
- Gud 8mo agoIt curried favor, gained him an immense amount of data and I’m suspecting is a source of revenue from various black intelligence projects.
- conartist6 8mo agoNone of that matters if you run out of money to keep the lights on
- Gud 8mo agoIs he running out of money though?
- moralestapia 8mo ago>Larry Ellison >Running out of money You probably don't know much about know the guy, in which case I recommend reading a bit about his business background.
- conartist6 8mo agoI know enough about mr sailboat lawnmower. But I also know that people like him or Elon are the most susceptible to losing touch with reality due to being surrounded layers and layers deep by hype. Nothing about being rich prevents him from going all in and reaping financial ruin as a reward.
- monkey_monkey 8mo agoThe thing is, you actually don't know that, you've just decided it's true.
- hu3 8mo ago
- ChrisArchitect 8mo agoCleaned up url: https://www.marketwatch.com/story/oracles-monster-25-billion-debt-financing-points-to-anxieties-around-ai-funding-b92c634b https://www.marketwatch.com/story/oracles-monster-25-billion...
- dang 8mo agoChanged from https://www.marketwatch.com/story/oracles-monster-25-billion-debt-financing-points-to-anxieties-around-ai-funding-b92c634b?gaa_at=eafs&gaa_n=AWEtsqczVlBBoDjcC6lCxjyKeNisB6QEz-oEo2k0PWtFwpsWKtDrK59-8jvylfPs4hg%3D&gaa_ts=6982f2dc&gaa_sig=-KcqgqDi0dxU0ClZBaHnzzgUTR14fkTa5R5HKguuHzRXJHBu8gNGy1MqJfI3oFVq-3e_cvFlJqfulVUup8b5hw%3D%3D https://www.marketwatch.com/story/oracles-monster-25-billion.... Thanks!