making its founder and CTO, Larry Ellison, the second richest person in the world
Ew, I just want him to go away…
Submitted 2 days ago by Amoxtli@thelemmy.club to technology@lemmy.world
https://techcrunch.com/2025/07/22/openai-agreed-to-pay-oracle-30b-a-year-for-data-center-services/
making its founder and CTO, Larry Ellison, the second richest person in the world
Ew, I just want him to go away…
It’s called One Rich Asshole Called Larry Ellison for a reason
With how expensive AI seems to be, it’s baffling to me how companies expect to turn a profit on it. 30B as a year sounds more like the budget for an entire government scientific agency. And if that’s just for the data services…
microsoft already admitted it doesnt generate profit, so all these companies, including google, is ramming AI into all thier devices and services to recoup the losses.
Even copilot explains that it’s answers are crippled by responding faster with less accuracy to reduce resource usage and there’s nothing the paying customer can do about it.
Holy fuck, whatever sales person closed this doesn’t have to work anymore. Nor does their progeny, in perpetuity.
“Good news, boys! I found money for one more season of SailGP.”
We all will pay for it to Larry’s pocket and then he will pay the 3 letter agency for a favor. That’s how Larry is doing business for years.
Wtf, it doesn’t make a lot of sens since open ai doesn’t have the monopole of ia anymore. Also the only service they found to sell is literally a chatbot wich no company will find interesting if it cost too much
hellothere@sh.itjust.works 2 days ago
Anyone can agree to spend money, the real question is does OpenAI have 30bn a year to spend.
Me thinks not.