Oh good. AI is collapsing and it’s taking Oracle with it.
Oracle made a $300 billion bet on OpenAI. It's paying the price.
Submitted 1 month ago by youradhere@feddit.org to technology@lemmy.world
Comments
echodot@feddit.uk 1 month ago
Passerby6497@lemmy.world 1 month ago
Me, watching my company pivot to their cloud infrastructure: haha, I’m in danger
FarceOfWill@infosec.pub 1 month ago
I understand why people keep using oracle, but i have never understood why anyone starts.
mcv@lemmy.zip 1 month ago
I’ve been telling my employer that they should be moving away from the Microsoft cloud for a whole bunch of reasons. Someone said they’re aware of it, so with the speed stuff here is moving, we might actually move to something else in 10 years.
But personally I wouldn’t lose any sleep if the whole bubble collapsed next year.
m33@lemmy.zip 1 month ago
Can’t wait. Payback for Sun, for Java…
SulaymanF@lemmy.world 1 month ago
Good. Larry Ellison does not appear to be a force for good in the world. Steve Jobs had a lot of negative things to say about him.
vacuumflower@lemmy.sdf.org 1 month ago
Steve jobs knew something about forces not for good.
phoenixz@lemmy.ca 1 month ago
Can we do away with trillion dollar companies already,. please? They’re not doing anything good for anyone, it always ends with some CEO’s and shareholders enriching themselves over the backs of others
No company should ba r a worth of more than a billion dollars
No single person should have a net worth of over 10 million
TronBronson@lemmy.world 1 month ago
to be fair amazon has revenues of 700 billion a year. apple is like 400. You can tax the profits down to nothing but like, we can’t all get iPhones if apple is worth 1billion. im not even sure if they can make an iPhone with 1 billion
veni_vedi_veni@lemmy.world 1 month ago
im gonna lose all my photos if they are worth a billion dollars and no new phone.
This is some weird mental hoops you are going through to reach that conclusion.
You have to imagine a world before enshittification , where interoperability was a thing and your media wasn’t held hostage behind a gated platform.
Turret3857@infosec.pub 1 month ago
I’d just like to bring Immich (Self-Hosted) and Ente (Service or Self-Hosted) to your attention as ethical alternatives to Apples walled garden Photo storage. Hope you have a nice day :)
bearboiblake@pawb.social 1 month ago
Under any system where people have power over others, power will begin to concentrate into fewer and fewer hands, until it becomes a problem. The only solution is anarchism.
GaMEChld@lemmy.world 1 month ago
This guy says he wants us to shoot him!
xenomor@lemmy.world 1 month ago
Personally, I am eyeballs deep in this industry and even I’m now hoping to see it all burn to the ground. I’ve already concluded that I’ll never make it to retirement in my field, probably because of automation. Fuck ‘em all.
xartle@reddthat.com 1 month ago
Same for me… It’s depressing. And I no faith the government will do anything besides make it worse. If we’re lucky we’ll get the Expanse 's version of basic.
Sine_Fine_Belli@lemmy.world 1 month ago
Yeah, same here honestly. I’m sick of the ai cringe fest and the egotistical tech bros being so annoying and full of themselves and being arrogant. The tech bros are insufferable
vacuumflower@lemmy.sdf.org 1 month ago
The industry is not that bad, but it’s just one of them.
People need art. And art doesn’t survive in environments where there should be a winner and winner takes all.
Art is the social alternative of recessive genes. It allows to preserve more than needed “right now in this particular situation”. Without art there’s degeneracy.
KillerWhale@orcas.enjoying.yachts 1 month ago
I am not sure what you are implying. There will always be art. Art does not need to be a commercial success to be expressive.
chronicledmonocle@lemmy.world 1 month ago
Which part of the industry?
ripcord@lemmy.world 1 month ago
Optometry
xenomor@lemmy.world 1 month ago
I would describe it as the application layer of all this AI shit. We are doing very well right now, but I’m just waiting for the turn.
mcv@lemmy.zip 1 month ago
OpenAI’s mounting costs — set to hit $1.4 trillion
Sorry, but WTF!? $1.4 Trillion in costs? How are they going to make all of that back with just AI?
I think there’s only one way they can make this back: if AI gets so good they can really replace most employees.
I don’t think it will happen, but either way it’s going to be an economic disaster. Either the most valuable companies in the world, offering services that the next couple of hundred companies in the world depend on, are suddenly bankrupt. Or suddenly everybody is unemployed.
Knock_Knock_Lemmy_In@lemmy.world 1 month ago
1,400,000,000,000
I used to be amazed at how much a billion was, but this many 0s makes my head explode.
These must be bubble inflated costs to match the bubble inflated revenue.
CeeBee_Eh@lemmy.world 5 weeks ago
One million seconds is 11.5 days, one billion seconds is 31.7 years, and one telling seconds is 31,700 years.
explodicle@sh.itjust.works 1 month ago
If LLMs fail and they invested: bailout
If LLMs succeed and they invested: rich
If LLMs fail and they passed: everyone else bailed out
If LLMs succeed and they passed: out of business
Therefore, the logical choice for a business is to invest in LLMs. The only mechanism to not do the stupid thing that everyone else is doing is gone.
bearboiblake@pawb.social 1 month ago
that assumes every business which invests in AI would be bailed out, which is a huge assumption. I would guess the only businesses that would receive bailouts would be those with personal ties to the government
Jakdracula@lemmy.world 1 month ago
How is a haunted typewriter supposed to replace all those employees?
muusemuuse@sh.itjust.works 1 month ago
I’ve tried explaining AI to people before and only could get so far before they fall back on “but it’s magic dude” but I love the idea of explaining it as a hunted typewriter.
TronBronson@lemmy.world 1 month ago
holy cow haunted typewriter is punching way above its weight class. Phenomenal.
HeyThisIsntTheYMCA@lemmy.world 1 month ago
i didn’t ask how it suplexxed a train, i just stayed out of its way
e461h@sh.itjust.works 1 month ago
Prediction: the bubble is real but financiers will find ways to kick the bull down the road until they can force enough adoption & ad insertion to not lose out. The other option is that we pay it, of course. Takes on which is worse?
CmdrShepard49@sh.itjust.works 1 month ago
They’ll do both just like they did in 2007/2008. These AI companies and their investors will get bailed out while the rest of us lose our jobs and have to move back in with our parents in the van they already live in.
Tollana1234567@lemmy.today 1 month ago
is that why palintir is so desperate trying to sell its “suvellience” tech to mulitple countries, and why all of them suddenly want facial recognition, biometric data.
Tollana1234567@lemmy.today 1 month ago
its a ponzi scheme.
oftenawake@lemmy.dbzer0.com 1 month ago
How are they going to make all of that back with just AI?
Government bailouts is how.
Socialism for the rich, dog-eat-dog capitalism for everyone else.
zqwzzle@lemmy.ca 1 month ago
Ok but if it gets so good it replaces all the employees, how do people have enough money to pay for their services?
mcv@lemmy.zip 1 month ago
Who cares about the money of people when they have all the money?
angband@lemmy.world 1 month ago
that’s what they got excited about, no doubt. profit would go through the roof if they could take people out of the loop. nevermind the economy.
vk6flab@lemmy.radio 1 month ago
I wonder … will it be another case of “Too Big To Fail” … or will it be … “Let The Market Decide”?
I’m guessing the answer depends on how many medals the CEO of Oracle can bestow upon the Orange.
Me … cynical … no … just been here for a while.
mickus@sh.itjust.works 1 month ago
Where the fuck do they get this money from? $300 billion is fucking nuts. And 1.4 trillion in costs is literally bigger than my countries’ entire GDP (Australia)
UltraGiGaGigantic@lemmy.ml 1 month ago
The 1% is willing to pay whatever imaginary fiat currency they can to eliminate the need for the working class. Then they can finally get rid of us.
EndlessNightmare@reddthat.com 1 month ago
While simultaneously acting like a bunch of whining little crybabies about declining fertility rates.
Which is it: AI (and other automation) will replace jobs, or there aren’t enough people to work all the jobs?
vacuumflower@lemmy.sdf.org 1 month ago
It’s not that. Nobody really expects to achieve firm satisfactory result in something never done before, to justify the risk.
It’s a bubble. That they found money to make such an input into inflating it just means the outcome of said bubble bursting is this good for them.
I’m interested what exactly will happen when it bursts. A dictatorship, or a blitzkrieg against half of the world, or what else.
orange@communick.news 1 month ago
Any combination of:
- Issue new shares (investment/equity) and sell them
- Issue corporate bonds (debt) and sell them
- Borrow money from banks
leftzero@lemmy.dbzer0.com 1 month ago
Well, it’s called One Rich Asshole Called Larry Ellison, after all… 🤷♂️
Tollana1234567@lemmy.today 1 month ago
trying to buy WB, so he can turn CNN into a fox clone. of course with the help of the SAUDIs.
Tollana1234567@lemmy.today 1 month ago
probably borrowing from large banks, selling shares, or bonds, or offering something as COLLATERAL.
drasglaf@sh.itjust.works 1 month ago
And ripping off their customers.
TronBronson@lemmy.world 1 month ago
Financial engineering, and they are one of the biggest producers of computer hardware for a long time. There’s more business and personal consumers than ever. Everyone’s getting online now, and the AI purchasing frenzy is helping a lot.
Buffalox@lemmy.world 1 month ago
OpenAI CEO Sam Altman declared a “code red” last week as the upstart faces greater rivalry from Google, threatening its ability to monetize its AI products and meet its ambitious revenue targets.
Interesting that even Sam Altman is worried now!
AFAIK there are also problems that Chinese companies have their own tool chain, and are releasing high level truly open source solutions for AI.Seems to me a problem could be that it is hard to make AI tie in, like is popular with much software and cloud services. But with AI you can use whatever tool is best value, and switch to the competition whenever you want.
CosmoNova@lemmy.world 1 month ago
I don‘t know of a single
truly open source solutions for AI
from China. China doesn‘t seem very keen on open source as a whole to be honest. That is unless they can monetize on open source projects from outside of China. Their companies love doing that.
A_norny_mousse@feddit.org 1 month ago
DeepSeek the software is open source (MIT license).
breadguy@kbin.earth 1 month ago
every major chinese model is open source
Fubarberry@sopuli.xyz 1 month ago
They are releasing lots of open weight models. If you want to run AI stuff on your own hardware, Chinese models are generally the best.
They also don’t care about copyright law/licensing, so going forward they will be training their models on more material than Western companies are legally able to.
sobchak@programming.dev 1 month ago
Alibaba has released Qwen models under Apache licenses (and they are some of the best models that can reasonably be ran locally). Some argue that models aren’t really open source unless the training code and datasets are made available though.
A_norny_mousse@feddit.org 1 month ago
Please, government of the USA, do not bail them out. At least not any more than what you’re already giving them.
baggachipz@sh.itjust.works 1 month ago
Altman just needs to cobble together a gold Trump statue, deliver it to the White House, and any bailout needed is his.
brucethemoose@lemmy.world 1 month ago
AFAIK there are also problems that Chinese companies have their own tool chain, and are releasing high level truly open source solutions for AI.
One interesting thing about the Chinese “AI Tigers” is the lack of Tech Bro evangelism.
They see their models as tools. Not black box magic oracles, not human replacements. And they structure/productize them and such.
But with AI you can use whatever tool is best value, and switch to the competition whenever you want.
Big Tech is making this really hard, though.
For one thing, there’s a lot of paranoia about using Chinese LLM weights. Which is totally bogus, but also understandably hard to explain.
And OpenAI and such are working overtime to lock customers in. See: iOS being ChatGPT-only; no “pick your own API.” Or Disney using Sora when they should really be rolling their own finetune.
oftenawake@lemmy.dbzer0.com 1 month ago
Larry Ellison can fuck off while we’re at it, the meddling technofascist bastard. Hope he loses everything!
HugeNerd@lemmy.ca 1 month ago
I’m as atheistic as they come but I’ll maybe ask a demiurge for that to happen.
TotalCourage007@lemmy.world 1 month ago
Do y’all think investors will wake up and realize that techbros are a bunch of fraudster scammers? Oracle deserves bankruptcy for being stupid with money. All my homies hate the AI-Bubble.
Bro even the way journalists talk about AI like it being a bet couldn’t be more obvious that it’s all a scam. If this AI-Bubble is profitable where are the actual god damn profits.
The_Vampire@lemmy.world 1 month ago
I imagine there’s quite a few who believe it a fraud but want to profit anyway.
utopiah@lemmy.world 1 month ago
They don’t want to wake up until they have something else more appealing to put their money on. They NEED something to invest. They don’t care what it is, or even if it works but it has to be plausible enough to make money, more money.
Until there is another scam to put their money in, they are stuck in the bubble, like us.
kokesh@lemmy.world 1 month ago
Pop it! Pop it! 💭
manxu@piefed.social 1 month ago
Honestly, tulips were a better investment than Tesla or OpenAI. In fact, the continued success of the latter two tells you by itself there is something deeply, seriously wrong with the stock markets and the economy as a whole.
TheGrandNagus@lemmy.world 1 month ago
Oracle recently put out a ridiculously optimistic forecast that had them matching AWS within 5 years. At first the market loved it.
Now I think people are beginning to realise that was a load of bollocks.
corsicanguppy@lemmy.ca 1 month ago
If they kill oracle, will that kill the last Unix after IBM stole the parent OS of Solaris and put it into Novell’s oubliette to reduce competition?
bearboiblake@pawb.social 1 month ago
Darwin is a UNIX, I believe!
neukenindekeuken@sh.itjust.works 1 month ago
Fuck yeah. More of this. A lot more.
HugeNerd@lemmy.ca 1 month ago
The sheer amount of AI slop shorts on YouTube must be generating entire dollars in revenue by now. Who isn’t entertained and eagerly awaiting the next five million videos of the same scenario over and over again?
Manifish_Destiny@lemmy.world 1 month ago
Lol get fucked fascist
just_another_person@lemmy.world 1 month ago
Good
Rhoeri@lemmy.world 1 month ago
Good.
YiddishMcSquidish@lemmy.today 1 month ago
Good.gif
meliodas_100@lemmynsfw.com 1 month ago
Oracle can’t fail. It stores data for all the other fangs.
LostWanderer@fedia.io 1 month ago
Couldn't have happened to a worse company! Hope it hurts even worse later on and fractures the Execucultist's will to shill AI further. 😈
alias_qr_rainmaker@lemmy.world 1 month ago
300 billion on OpenAI? Why? LLMs in general are trash, but ChatGPT isn’t even the best LLM
hayvan@piefed.world 1 month ago
GPT goes beyond chat, copilot code generation is also based on that. They also have generative visual stuff, like Sora.
Then there is brand recognition I guess, tech bros and finance bros seem to love OpenAI.
LostWanderer@fedia.io 1 month ago
The only good LLM is one that is being used by a highly specialized field to search useful information and not in consumer hands in the form of a plagiarism engine otherwise known as "AI". Techbros took something that once had the potential to be useful and made it a whole shitty affair. Thanks, I hate it.
Master@sh.itjust.works 1 month ago
Chatgpt is the name recognition brands. Like calling all electric cars a tesla
HonoraryMancunian@lemmy.world 1 month ago
Normie here. Which one is?
Tollana1234567@lemmy.today 1 month ago
already bought paramount, and trying to take over WB to get access to CNN.