Oracle

“I don't think vertical SaaS has a system of record. I don't think that's what they do. I think they're workflows. This is the key point where these horizontal monolithic companies like Salesforce are just unique. Workday, Oracle with respect to their GL. It's …”

“Oracle is down 65% from the peak up back in September.”

“In database world, when I was at Oracle, the most expensive person you can get is called Oracle DBA, database administrator, and they were the most expensive people that you have to hire when you're running Oracle, and now These AI companies are saying, we don…”

“It's up and running. It's being used for training the last two models more actually.”

“They signed this gigantic deal with Oracle in Shackleford County, Texas, where they're going to deploy 2.3 gigawatts of four megawatt reciprocating engines.”

“Lancium has been pretty open about this. If you don't know them, they're the ones sort of building the, owning the land and developing the power infra, enabling Texas for Oracle and OpenAI. They have a bunch of other sites that are pretty massive in West Texas…”

“The model itself isn't the value. And I think we're going to get to a world very soon where consumers, they don't care. They don't want to specify the model they're using. They don't want to, they don't care if it's 4.7 or 4.8. Like you don't care what Oracle,…”

“We signed a contract with them that 90 days from the day we signed the contract, we would do 50 plus megawatts, which is an unbelievable speed. We delivered that in 55 days instead of 90 days.”

“Am I worried about four-year paper in most of the software names? Probably not. I mean, they're contracted out. This is not a four-year issue. That, that paper should be money good. Would I be worried about holding 30 year credit on, on, on, on ... On Salesfor…”

“In 30 days, we went from not being an AI hyperscaler to being number four, and we passed a lot of companies, including Oracle.”

“The entropic sale force in five years will look like the Oracle sales force, the Microsoft sale force, and the IBM sale force, 50 years ago”

“If you look at it, how many companies have survived in software business over 30 plus years? Microsoft is an exception, and maybe Oracle, it's a lower barrier to business.”

“Microsoft had four, has 49% Of its 62, six hundred twenty seven billion future backlog tied to OpenAI. Oracle is 54% of its five hundred and fifty three billion pipeline, depending on OpenAI alone.”

“Sam right now is in Saline, Michigan. He's gonna be cutting the ribbon in about two hours, so you are getting a sneak preview, but they told me it was okay to say it in the room. That will be, you know, sticking shovels in the ground on a one gigawatt data cen…”

“It was one of the fastest growing products, getting to a billion dollars of revenue at Oracle while I was there.”

“And then we charted of the, we just had earnings, of the backlogs in deals for Microsoft, Oracle, Google, and Amazon, what percentage are OpenAI's commitment and Anthropi's commitment? It's together, they're about half, ok?”

“To back all this effort, we've actually created an open source project called Agency. And this, you know, became a Linux Foundation project with the backing of a few large formative members. Google, Oracle Red Hat were with us and Dell as well.”

“So with Oracle, we showcased migrating AI workloads from one location, Virginia, to another, Chicago. And this was during the data winter, the Dominion winter peak period, the inference queries got rerouted in such a way that you were able to precisely meet th…”

“And especially, like, you know, even the likes of, like, Meta and, you know, you have your Oracles of the World and your Microsofts and, you know, everyone else who are trying to build, build, build, build these out. They're investing even in their own teams. …”

“Oracle and OpenAI end plans to expand flagship data center”

“Oracle doesn't have the cash to keep up, going to Harry's point. It just doesn't have the cash.”

“The only person that's even struggling slightly to cover their nut is Oracle, right? Because they had the weakest balance sheet and the least compelling use case, which is why at some point they're going to throw 20 or 30,000 people over the side to make the P…”

“All the big pre-SaaS companies that had systems of record, Oracle, PeopleSoft, which rolled up into Oracle and SAP. Survived and financially thrived, even if they're not exciting in the age of cloud. And I, my guess is Salesforce does the same in a way that th…”

“Oracle, the last time I checked, still exists. If you think that they're a legacy company, I don't know why OpenAI would want to leverage their balance sheet and their and their tools to be able to run data centers.”

“Oracle's CMO said, I believe on an earnings call, that Drive to Survive was the reason that they decided to get into F-One and do the big Red Bull sponsorship.”

“If you are the CIO organization in a Fortune hundred company, and you are thinking about an SAP or an Oracle migration, well, call one 800 Tessera, because if you are looking to drive a major, you know, system of record migration without exploring What, you kn…”

“I didn't traditionally, you came from Oracle and I didn't, I don't, I didn't traditionally like hiring Oracle people.”

“I think Oracle was irresponsible because of the magnitude of what they did. It's like, the thing is like, I think the slack they should have done it, but like the whole setup, in my opinion, on Oracle is own goal. They messed up the messaging. They messed up t…”

“Borrowed a lot, an enormous amount of money, fifty billion dollars of bonds this year to capital raising this year.”

“And so then like in the first two weeks, it was like trending across all of GitHub top 10 repo across every language and Spotify and Oracle and Reddit and X and these like large companies were starting to deploy it and start the repo.”

“They're going to go cashflow negative for many years to come.”

“But now with coding agents, the complexity of transitioning from SAP to Oracle is dramatically lower, the speed, the risk. So that is how I think coding agents shows up in enterprise software, especially amongst public names. Decrease switching costs, more cus…”

“It's instead being built in Malaysia, and Oracle has over a gigawatt of capacity in Malaysia that ByteDance is gonna take, right?”

“We have a long-term lease agreement with Oracle. Right, so we have a long-term, you know, fifteen-year off-take agreement with Oracle and so they're committed to sort of paying us for that, you know, time frame. So that helped unlock a lot of the construction …”

“You got Oracle, you got private equity firm Silverlake, you got Abu Dhabi-based MGX. They will each own 15% of the new entity, while TikTok investors will own about 30%.”

“Twenty-twenty-six is gonna be both the best and worst year for AI. What I mean by that is, I think we're gonna see much more widespread adoption, major breakthroughs, but also I think the kind of like financial Arrangements that have been built and kind of tha…”

“I also think the shakeout is coming in a way. Like, to me, I think, twenty-twenty-six is really going to be a year of chaos. I mean, we're already starting to see some of this happen with Oracle and some of the other infrastructure builders, and the bets have …”

“When you come up with that RPO number, 300 that was the bridge too far.”

“TikTok has signed a deal for the sale of the United States unit. The deal should close January 20 22nd. This is from Sarah Fisher, the media correspondent at Axios. Oracle, Silver Lake, and MGX will collectively own 45% of the U.S. Entity, 30% We'll be held by…”

“Blue Owl is pulling out of a big Oracle project.”

“It's a sugar high, a total sugar high on a huge contract that with someone who may or may not be able to afford to pay for it, that's open AI. And even if they can afford to pay for it, it's not a great business because it's capital intensive and doesn't, not …”

“And there's no reason actually, listen, I'm not saying that, that these are even the best companies we've ever had, but there's no reason I don't think they will rebound as the overall trends. I think these are just jitters. The overall trend I think is still,…”

“Oracle, there's a report out today that Oracle's gonna delay some of its data centers to open AI by, from 27 to twenty-twenty-eight.”

“Oracle brought delivered some earnings this week and said that its capital expenditures, this is from the journal on data centers will outrun revenue for several quarters to come”

“This week, the Oracle CDS hit the highest intraday level since April, two, 2009.”

“I still think whatever hits Oracle and open AI will hit a Broadcom and a Google, at least in the, in terms of how people are pricing in the infrastructure side of things.”

“It's not that we're going to rebuild workday in Salesforce and Oracle, but our competitive edges are going to be measured in months. And when they used to be years and that compounds that compounds. And if you can't run at that pace, I don't see how you're goi…”

“They're unbundling chat GPT, just as the enterprise software company of 10 years ago was unbundling Oracle or Google or Excel.”

“Oracle's debt. Outstanding debt load surpassed a hundred billion, making it the most indebted big tech company with an investment grade rating. It is burning cash and will still need to borrow billions more to meet its dividend and capital spending commitments…”

“There, the CDS spread for them skyrocketed today for the first time. It was like the highest in over three years, but the scale of the move had a lot of people talking about it.”

“If you have a lot of cash flow as a big company, if you have the ability to borrow billions or hundreds of billions in the debt market you have to protect your hen house. Foxes might come by and might want to use you to co-sign a loan.”

“Part of the reason this is an evergreen pitch is because companies don't actually have all their data at their fingertips. Companies do not eat their data infrastructure vegetables.”

“OpenAI promised me three hundred billion. They also promised Microsoft two hundred billion, Amazon thirty eight billion, CoreWeave twenty five billion. In total, 1.4 trillion dollars.”

“If you told Amazon and Microsoft, and certainly if you told companies like Oracle and CoreWeave, no, no, no, no. These chips will only generate meaningful revenue for three years. Their profitability would decline very dramatically. So again, from Microsoft, A…”

“Microsoft, Google, Amazon, and Meta are funding it out of cash flow, Meta less so than the others, whereas OpenAI has to do these innovative funding structures because it has no cash flow, and Oracle is basically going to borrow a hundred percent of revenue to…”

“My sales guy started out as a carpenter in the industry. My co-founder, he was leading Oracle Construction Engineering. So, he was not from the industry, but he had built solutions for the industry. Our first few engineers all came from Oracle.”

“Oracle, Salesforce, and ServiceNow all were almost identical in terms of size. About 3500 to 4000 people. Less than a billion dollars in revenue. Between five hundred million and a billion in revenue.”

“How do you bring other capabilities through a platform strategy and then think about partners who can augment that? The more you do that, frankly, the more sticky you become, the harder you are to displace.”

“A huge chunk of this book is Ellison being embarrassed by his performance as CEO of his own company for the first decade and a half of its existence.”

“Ellison's decision to the horror of many colleagues and customers to abandon all further development of client server based applications and concentrate Oracle's entire engineering effort on building for the new computing architecture of the internet.”