Posted by Lyngbakr 14 hours ago
These companies seem to be led by mind bogglingly short sighted people. Maybe they should be replaced by AI. It can't possibly get any worse than now, right?
There's a whole bunch of open roles at Oracle right now. https://careers.oracle.com/en/sites/jobsearch/jobs?keyword=E... 700 of them within engineering.
- “iaas” (OCI) is growing 50% yoy and the bulk of the revenue. - “cloud license and on prem license” (new software licensing) is $5B or ~10% of the segment - ERP, peoplesoft etc arent broken out but are also very large in their market categories.
All in the all-mighty fiduciary duty to your investors of course.
Ah yes, fire to rehire via the model training gig economy
And he'd take a good chunk of that money for himself, and a good amount of that to also "donate" to a foreign, nuclear-armed, hostile country's "defense" force. But don't you dare question him.
DBA would go around screaming if you were logging too much stuff. I assumed they had some sort of periodic cleanup because I couldn't see that stuff being practical long term.
Technically it was 2 databases, one was a read replica for longer running data analysis of course.
That telecom has at least 100 million paying customers (maybe much more). I don't see they ever moving away from Oracle, they are more likely to go bankrupt than ever leaving.
[1]: Oracle RAC: https://en.wikipedia.org/wiki/Oracle_RAC
They are justifying that on commitments (500+B USD), but 300B of those are tied to OpenAI. So, if OpenAI goes belly up or at least doesn't follow their crazy growth projections, they would have to find the same amount of consumption quickly to repay the interest on said debt and eventually the principal.
It is a lot of money for a company the size of Oracle (~500B market cap).
[1] https://finance.yahoo.com/markets/stocks/articles/oracle-500...
But Oracle could relatively easily be broken up and sold off. Essentially all of the global consulting business units could sell to competitors in the various niches, the hardware business and the cloud hosting business could be separated, etc.
Plenty of companies worldwide would be up for buying pieces of Oracle at a bargain price.
"Too big to fail" only really applies in extreme circumstances (which might happen, admittedly) and with essentially monolithic businesses (or banking).
I don't think even Microsoft is too big to fail.
And I don't think people should casually entertain the idea that really any tech industry company is too big to fail, because tech corporations that cannot die point the way to a Rollerball future.
And the dot com bubble collapse of Nortel and Worldcom shows that even well-established companies with significant non-bubble investments are vulnerable if the companies make poor economic decisions (in both of those cases, the collapse was driven by excessively aggressive acquisitions).
Likewise, LLM's won't disappear completely with a stock market crash. But the weaker players might.
So the predictive autocomplete will survive those too.
Like, mate, if you want to be a superhero in real life, stop laying off thousands of people and working the remaining people ragged. That's all you gotta do.