S&P downgrades Oracle to BBB- – only one notch above junk level

a month ago by thesdev to c/fuck_ai

S&P Global has downgraded Oracle's rating due to massive AI investments. The company is now only one notch away from the speculative territory.
DoctorNope 38 points a month ago

S&P views Oracle's strong dependence on a single major customer, OpenAI, as particularly critical.

Well it’s a good thing OpenAI is a stable foundation to build on top of. No worries about that company. I’d stake my personal reputation on it!

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spartanatreyu 29 points a month ago

Good.

A programming company which produces nothing, has more lawyers than programmers, and whose entire company runs on signing ridiculous deals with corrupt managers who then leave the blast radius before anyone else finds out how bad the deals are deserves to die.

Hopefully once the company is torn apart into a million pieces and each piece sold off, maybe sensible things start happening again and the Javascript language can finally get the rights to the name Javascript.

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ZDL 11 points a month ago

Where's my popcorn meme when I need it?!

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Jhex 23 points a month ago

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ZDL 7 points a month ago

Now that's what I'm talkin' about!

Let's all get comfortably settled and chow down.

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altphoto 5 points a month ago

Hey, I think I can develop a Java app to check this out! Oh no, wait, unmet dependencies. Need the latest JRE...

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GutterRat42 4 points a month ago

Does this mean TikTok will be gone?

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ZDL 2 points a month ago

We can only hope.

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vk6flab 3 points a month ago

We're going to need popcorn .. lots of popcorn.

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

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