Why is oracle invested in ai at all? It seems entirely unrelated to the value they offer.
Infinite exponential growth is something we ALL "believe" in when we put a dollar into savings and expect to get a dollar and 5c out the next year.
The problem to me seems more that we tie all sorts of OTHER structural societal constructs to this one. To the degree that if we want to feed ourselves, clothe ourselves, and ensure shelter and security for ourselves and our loved ones - those basic _biological_ needs shared by most moderately sophisticated mammals - we are forced to plug into this system and ensure it delivers on its promise.
I've incorporated that infinite growth expectation into my kid's education plans, into our family retirement plans.
This is not a they issue, this is a we issue. The systemic structure is some parts organic but many parts choice and belief driven by general people on the street.
Isnt that linear growth?
Oracle is using AI as a way to justify their pivot into becoming a Tier 1 Hyperscaler - Oracle Cloud now represents 50% of Oracle's overall revenue.
Becoming a hyperscaler is expensive (compute is pricey and a massive fixed cost), and by building an AI Infra story, Oracle can make a valid case as to why I should give Oracle money to expand their DC capacity.
Additionally, OCI has been landing marquee logos like a major cybersecurity company who's name starts with C and a global rideshare platform, and is taking advantage of enterprise customers who are price sensitive or investing in a secondary cloud provider to reduce vendor dependency.
OCI's infrastructure design is just good enough to work well enough most of the time, and you can't get cheaper.
I mean what do you expect them to do, I'm sure the OracleDB exodus has been long ongoing and they probably saw the writing on the wall years ago
Also Oracle is owned by Larry Ellison and hes in a competition with the other tech bros.
No. AI will BE your business software