Clay's quote is hilarious.
https://startupfortune.com/sps-downgrade-leaves-oracle-financing-openais-bet-years-before-it-pays-off/
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OpenAI was served a new lawsuit today from 8 states over ChatGPT involvement in harming their citizens. This a bipartisan effort. Since the federal government won't act on regulation the states will burn AI down with tort lawsuits. This is bad news for Oracle and other hyperscalers too. The demand for the capacity just won't be there.
https://finance.yahoo.com/news/eight-us-states-sue-openai-184755063.html
ORCL's credit rating was downgrade to BBB-. (one notch above "speculative")
The street is catching on. Stock down 9% in one day!
LOL think Pennywise
Clay is a clown. Clowns are never funny
"Oracle's total debt has climbed toward $167 billion, and S&P now expects the company's free cash flow deficit to widen to nearly $42 billion in fiscal 2027, far worse than the agency's earlier forecast of negative $24 billion."
aka, more layoffs