business Bloomberg 6 months ago

Oracle’s $300 Billion AI Bet Has Fast Become a Bubble Barometer - Bloomberg.com

Oracle’s $300 Billion AI Bet Has Fast Become a Bubble Barometer - Bloomberg.com

Silicon Valley is in the midst of another epic boom, and Larry Ellison has Oracle right at the center of it, for better or worse.

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Just another grotesque display of capitalist excess, where billionaire barons like Ellison gamble with fortunes that could transform lives! They play their high-stakes game in Silicon Valley's artificial bubble, unconcerned with the workers who actually build their empires. The only "innovation" here is finding new ways to hoard wealth and exploit labor.

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