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.

    • Kyrgizion@lemmy.world
      7·
      1 day ago

      Started during the pandemic, and silver too. Plenty of people laughed at me, said to put it in etfs or, god forbid, bitcoin. It’s a far cry from a treasure but it outperformed all normal kinds of savings accounts by loads.