This week, something strange happened. Oracle, a company that had just missed on its earnings and revenue estimates, saw a more-than-39% single day bump in its stock, leading a massive market rally. Why? Because it said its remaining performance obligations — contracts signed that its customers yet to pay — had increased

… Today I’m going to sit down and walk you through the many ways in which the Oracle and OpenAI deal is impossible to fulfill for either party. OpenAI is projecting fantastical growth in an industry that’s already begun to contract, and Oracle has yet to even start building the data centers necessary to provide the compute that OpenAI allegedly needs.

  • Maxxie@piefed.blahaj.zoneEnglish
    0·
    8 days ago

    When my friend cryptobro was trying to convince me that fiat currency has the same fundamentals as his TITS token, I have to admit he was more right than wrong