This looks desperate. They already sold $300B worth of data center capacity to OpenAI and this move will save them up to $10B.
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What does Oracle even do?
Sues their customers
They sell software that sits so deep in people's stack that replacing it takes tons of effort. Companies calculate that it's cheaper to keep paying Oracle than to rewrite crucial services.
Boy you're in for a ride.
Palantir runs on Oracle Cloud.
Oracle finances Paramount buying out Warner Bros.
Other shady shit Oracle does: https://thedreydossier.substack.com/p/the-merger-that-needed-a-war
Basically think Oracle is a competent League of Evil that can hide from the media spotlight.
Makes Larry Edison rich
I've been a software engineer for over 20 years now and tbh I couldn't tell you even if my life depended on it. I know it's a shit tier hosting service that people use because they offer 5$ worth virtual server for free with a valid credit card but that's about it.
It's one of those ancient paper shuffling IT companies that is 95% sale/middle mamager leeches, 5% wizard engineers carrying everything on their shoulders.
They used to sell a pretty good (if complex) database system. However it hasn't been popular for many years. I assume they still have big customers who are locked in.
These days they're just another amorphous "cloud service provider", and not a good one either.
In IT the golden rule is regardless of technical merit, you do not want a business relationship with Oracle under any circumstances.
They will use that foot in the door to make your life hell with audits and invoicing crap you never bought.
Years ago, they were the go to solution for databases. No CIO would ever be fired for picking Oracle over competitors regardless the pain that would follow, same as having Windows as the OS on all employees computers.
If there's an issue with the world's most popular solutxon: "Shits happens, we all know", if there's an issue with that alternative solution: "You see what bappens with your toy-thing? Let's be professional and use a professional solution!".
Years have passed, the alternative slowly made a name for themselves, but OracleDB didn't evolve much because of inertia and the high maintenance that locks existing customers.
So now they're going all-in on data centres for AI, that means to me the end is near.
Hate for the job losses but happy that data centers are starved to death
Finally some good news.(Not for the late offs)
YEEEEESSSSSS~
Real jobs or AI jobs.
It's Oracle: It's not like they deliver value either way.
Is it the first sign of a burst?