> […] he and Musk and their respective teams started discussing a plan for Oracle to build and operate a massive A.I. data center for xAI. It would be in Abilene, Texas, and it would be constructed in the shape of an X.
> Few people doubt that this technology is going to change everything. What’s less clear is when the profits are going to start rolling in and how big they are going to be... "We are making trillions of dollars in investments on the back of tens of billions of dollars in revenues."
It seems possible that AI will eventually become an abundant commodity, with cheap alternatives available from China and elsewhere. And if that happens, profits will be competed away, just like any other commodity in a competitive market.
One would imagine that a Silicon Valley legend like Larry Ellison - who built his business empire on the basis of proprietary software products and services - would understand this better than anyone.
Don't worry, his expensive bets on legacy media will save him.
https://archive.md/8FZkq
My favorite larry ellison story is sensei Ag. 8 years and 500 million dollars later the man could barely grow vegetables.
My favorite Larry Ellison story is "Do Not Anthropomorphize The Lawnmower": https://youtu.be/-zRN7XLCRhc?t=2309
> In more recent years, he had been spending time on a quixotic “agtech” start-up that was promising to disrupt the global food chain.
Oh just great. I hope he fails.
Wasn't he also going to build Pre-crime with AI?
https://www.404media.co/larry-ellisons-ai-powered-surveillan...
> […] he and Musk and their respective teams started discussing a plan for Oracle to build and operate a massive A.I. data center for xAI. It would be in Abilene, Texas, and it would be constructed in the shape of an X.
The shape is important.
> Few people doubt that this technology is going to change everything. What’s less clear is when the profits are going to start rolling in and how big they are going to be... "We are making trillions of dollars in investments on the back of tens of billions of dollars in revenues."
It seems possible that AI will eventually become an abundant commodity, with cheap alternatives available from China and elsewhere. And if that happens, profits will be competed away, just like any other commodity in a competitive market.
One would imagine that a Silicon Valley legend like Larry Ellison - who built his business empire on the basis of proprietary software products and services - would understand this better than anyone.
Coming soon, a haircut like none before.
> the more you spent building A.I. infrastructure, the more you would earn, or so the logic went. Computer theorists called it the scaling hypothesis.
Good Gell-Mann Amnesia moment.
I'm very bullish on AI but I would love to see Larry fail, so I'm quite torn.
It’s not the what, but the how and the what-else.
Couldn't happen to a nicer guy.