Post by @supersquirrel@lemmy.ca

2026-10-29 15:47 UTC

Oracle wants to bill you for every AI task, not just every seat Oracle is funding a datacenter spending spree with negative cashflow and borrowing. OCI is set to host large language model builders, notably OpenAI, alongside its own customers’ workloads. Oracle spent $55.7 billion on datacenters and cloud infrastructure in fiscal year 2026, which ended in May, and plans to spend between $90 billion and $95 billion in fiscal 2027. That will require more debt. In 2027, Oracle hopes to raise around $40 billion in debt and equity, on top of the $18 billion in debt it raised in September 2025. We are ALMOST to the pot of gold I swear! I just need 5 more pots of gold to get us there!!

Replies (5)

@CompactFlax@discuss.tchncs.de 2026-10-29 16:01

Oracle missed the cloud; while Google, Microsoft, and Amazon were spending billions a quarter, Oracle was spending millions a year on OCI. Ellison doesn’t want to miss his chance to be a billionaire again.

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@401matthall@mastodon.xyz 2026-10-29 16:21

@supersquirrel@lemmy.ca Don't worry, folks, we'll be back to making a living with shell scripts in _no_ time at this rate. <3

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@robjwells@awful.systems 2026-10-29 20:27

Oracle’s competitive advantage is (and has been since at least the 1990s) legions of lawyers to ensure you’re not underpaying them per the fine print of some contract your CTO didn’t read. I’m sure they can apply this to LLMs just as well as any other line of business Larry’s decided to enter.

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@sum_yung_gai@programming.dev 2026-10-30 07:56

Isn’t this just charging per token?

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@Architeuthis@awful.systems 2026-10-30 18:28

“On-premises customers can now move far more easily to the cloud by leveraging the AI tool sets to automate migrations and decrease the cost and time to implement. They don’t have to be Oracle customers; they can be competitive customers.” Sicilia said enterprise application software users’ reluctance to change had been a major “headwind” for Oracle, one he hopes AI will ease. “Our large remaining base of on-premises customers are going to start to adopt this technology quite quickly. When we move customers from on-premises to cloud, we see a multiple increase in revenue,” he said. Apparently the latest in executive suite psychosis is that the main reason customers like on-premise solutions is because it was just too darn complicated too move to the cloud.

Open ##5360264