Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.
Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.
This looks desperate. They already sold $300B worth of data center capacity to OpenAI and this move will save them up to $10B.
They’re supposedly depreciating their GPUs over 7 years. Apparently these data center GPUs are only used for about 3, as the generational improvements in efficiency almost dictate you replace them + the first stragglers start failing around that mark anyway
They could actually be proper fucked financially if they’re cooking their books like that to seem more profitable than they are.