Larry made a bad bet on AI and will cost him his island and fortune.. His age clearly shows in his lack of judgment to put all eggs into one AI basket and will now be the poster child of the AI collapse. Laying off employees that were keeping the company afloat to adapt an unproven and premature AI approach that costs too much to run is a recipe for disaster. Oracle is now a sinking ship drowning in debt. It won’t be long before it becomes a $5 stock
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It reminds me of the days Sun Microsystems when Scott let pony tail make all the decisions and cost the company to be run into the ground.
@a5 "I sincerely doubt that 100% of his wealth is in Oracle stock."
Let's be that wise, all of our skills sets, knowledge, contacts, and financial portfolios should not be wholly Oracle.....
"He's 80, what does he care?"
he certainly doesn't care about us ...
It may be by design. Elevating a junior hot-shot techie to call the shots without having any insights into the core strengths of the company. Noobs are elevated when big bets are to be made so that the founder legacies do not get tarnished if things go wrong.
Collapsing is a bit strong....
lol…. No this will all be on Clay. Clay will get a nice golden handshake to go off and work either back to AWS or something else.
It won’t land on Larry
I sincerely doubt that 100% of his wealth is in Oracle stock.
@OP He's 80, what does he care.