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It’s been little over a year since Sam Altman, Masayoshi Son, and Larry Ellison stood shoulder-to-shoulder with Donald Trump to announce the "$500 billion" Stargate data center project. In truth, no entity was ever formed, and no money was invested. www.wheresyoured.at/how-openai-kills-oracle/

The "$500 Billion" Stargate data center project is really a $340 billion, 7.1GW Oracle-and-debt-funded construction nightmare. Outside of Abilene - which existed before the announcement - these data centers are mostly scaffolding and steel beams. www.wheresyoured.at/how-openai-kills-oracle/

24/4/26, 5:08 pm8 reposts72 likes

@ngrippel.com

20 June

The techno-nazis have become slaves to their own technology. They have replaced their souls with the belief that their technology can be the end all, be all of human existence. They are demanding that the rest of humanity do the same. www.ngrippel.com/science-rant...

Stargate is entirely built to provide compute to one customer - OpenAI. Oracle is spending around $48 million per megawatt on each data center, financed with off-balance-sheet debt funneled through SPVs. Even then, Oracle is fully responsible. www.wheresyoured.at/how-openai-kills-oracle/

Stargate and OpenAI pose an existential threat to Oracle's future, as its existing business segments are plateauing, and it had negative $24.7 billion in free cash flow last quarter, meaning that it cannot pay its debts without OpenAI's revenue. www.wheresyoured.at/how-openai-kills-oracle/

Part of the problem is that Stargate’s data centers take years to build, with each structure engineered to accommodate a particular kind of GPU. By the time that Stargate Abilene goes live in Q1 2027, its GB200s will be two years old. www.wheresyoured.at/how-openai-kills-oracle/