2026-07-19 00:50 UTC
@Clundoff@wandering.shop And the math simply doesn't work. As Ed Zitron points out constantly, OpenAI and Anthropic are starting to hit the point at which no one will give them more money - and they can't charge what they need to in order to be profitable.
The one silver lining in all of this? Oracle, and more specifically Larry Ellison, are going to be wrecked because of all this. As in Larry's likely to lose the source of his fortune. 2/2
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@oldguycrusty@mastodon.world 2026-07-19 02:14
@jappel@wandering.shop @Clundoff@wandering.shop Sadly.. Wasn't Oracle debt just downgraded to just above 'junk'?? Yeah - here it is... https://www.businessinsider.com/stock-market-orcl-ai-oracle-credit-downgrade-bond-market-warning-2026-7?op=1 https://www.ainvest.com/news/moody-downgrades-oracle-credit-rating-due-high-counterparty-risk-2509/