If you want to know whether the AI bubble is bursting, there’s only one publicly traded company that will tell you: Oracle.
That’s right, the database company. Oracle has burned its boats and pivoted to AI, but not in any kind of usual way. It is not a foundation model builder like OpenAI or Anthropic, obviously. It’s not quite a neocloud, though it has entered the same bare-metal business as CoreWeave. It is a software-as-a-service company that has made an audacious bet on a very specific future version of AI as Oracle’s traditional business has gracefully declined. It is significantly older than any of its AI competitors, save Microsoft, …
This post raises some intriguing points about the current state of the AI industry. It’s fascinating to see how the landscape is evolving and what risks might be on the horizon. Looking forward to more insights on this topic!