DATA CENTERS ARE DEAD! LOOK AT LARRY ELLISON'S DEBT!
FROM DAILY DOSE OF DEMOCRACYl The AI industry is losing Ed Zitron, Where's Your Ed At : "In April of last year, I outlined how the failure of one model lab, OpenAI, would have seismic effects down its supply chain, delivering body blow after body blow to NVIDIA, Oracle, Microsoft, and the various Neoclouds that serve its compute. And Oracle, as I’ve noted previously, is a company that, even before the AI bubble, was massively indebted. It just so happens that, as a result of its tryst with OpenAI, Larry Ellison saw fit to twist the debt knob to eleven. Oracle’s spending has already pushed its free cash flow into negative territory — minus $23.7 billion, as of the end of FY 2026 — and at the end of May, it had $129.5 billion in outstanding debt. This doesn’t include its various lease commitments, which add up to nearly $38 billion , nor the additional $260 billion in lease commitments that have been signed, but haven’t actually started yet. All of this is to say that Oracle h...
