Oracle is betting the farm on AI. If there is an AI bubble that bursts like some people are predicting, Oracle could be it’s first victim. While sales are still strong, they are facing a liquidity crunch with $100 billion in debt and $10 billion in negative cash flow. They don’t expect to be out of the red until 2030. Just today they announced a round of layoffs affecting 20,000 – 30,000 workers–the most in it’s history.
But Oracle is trying to survive in this new era. If they don’t go big they’ll lose out to competitors such as Amazon, Microsoft, and Google.
By the way, I don’t hate Larry Ellison. I was once an Oracle devotee back 2003ish. I went to their conferences and took classes on Oracle at a local college. I was all in for Oracle, then Oracle did me wrong for some stupid reason. I suspect Larry had his hands on this himself.
This was around the time I was in law school and my life turned upside down because I was discovering that I was now involved in a lawsuit where the entire state of California seems to have been conspiring. This law school and my professors are now involved in the lawsuit. Was that by design? Did they bring me there just so they’d be involved? I’ll let you be the judge.
Also around this time California enacted a law where the a plaintiff was required to pay 75% of their punitive damages to the State of California. Coincidence? I don’t know. By the way, punitive damages are where the money is at. I’m glad that law expired.
But nothing against Larry, I just know for certain that God did not put me on earth to help billionaires. Larry is the 6th richest person in the world with $190 billion. With that kind of money, he can bail Oracle out himself!