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Showing posts with the label LARRY ELLISON

DATA CENTERS ARE DEAD! LOOK AT LARRY ELLISON'S DEBT!

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 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...

CBS News Under Fire for Scrapping Reporting Critical of Trump's Deportation Agenda

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  Democracy Now! 3.11M subscribers Dec 23, 2025 Latest Shows Support our work: https://democracynow.org/donate/sm-de... The new head of CBS News, Bari Weiss, is facing accusations of censorship after she abruptly canceled a segment from Sunday's episode of "60 Minutes" just three hours before broadcast. The segment centered on the stories of Venezuelan immigrants sent to El Salvador's brutal CECOT prison by the Trump administration. "When so much of our ability to communicate out facts to the world is concentrated in a small number of people, and there's a squeezing of independent media and the ability to get independent perspectives and voices out more broadly, I think we're working with an information ecosystem that is highly dangerous," says Alexa Koenig of the Human Rights Center at University of California, Berkeley. The center's research on torture and other human rights violations at CECOT was to be featured in the segment. Democr...