Boring Oracle became cool again

cnn.com

4 pointsmathattack3 comments

> One of its most prominent partnerships is with industry leader OpenAI, which reportedly agreed earlier this month to pay Oracle $300 billion over five years for data center space.

Woah! That's $60B per annum. For context, Oracle's annual revenue for their most recently completed fiscal year as just under $60B.

Oracle share price is up 37% (as of 11:30am Pacific time) over the last month.

> taking over full or partial control of TikTok’s US operations could give Oracle access to one of the world’s most popular apps and the 170 million American users and ad revenue opportunities that come with it.

I don't know that Oracle has ever been successful with a consumer-facing app. I guess it isn't entirely impossible for them to strike success, but I wouldn't bet my money on that.

All they have to do with TikTok is not aggressively drive away users and advertisers as Musk did with Xitter. But since the whole reason this transfer is taking place is so that it can be pushed in a direction more favorable to the current administration, that will be a bit of a challenge.

Reading corporate press releases uncritically isn't journalism.

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