1636 - tulips
2008 - asset backed securities
2022 - luna/FTX
2027 - AI companies with no moat
> be me
> Larry Ellison
> own a database empire, a sailboat, and a disdain for poor people
> OpenAI wants to build AGI
> needs compute
> *a lot* of compute
> like “$300B GPU cluster in a volcano” levels of compute
> "Hello. I own Oracle Cloud. Also, I’m rich."
> sign $300B GPU hosting deal with OpenAI
> nothing ships. no GPUs installed. no fans spinning.
> Oracle stock: skyrockets to the moon
> my net worth: +$100B
> GPUs? still imaginary
> OpenAI raises a $1 TRILLION round
> yes, with a T
> investors lining up like it's a Taylor Swift concert
> I invest
> where’d I get the money?
> from the $300B deal *I signed with them*
> yes.
> OpenAI takes my $300B investment
> uses it to pay *me*
> for the GPU deal *I offered them*
> Oracle stock: skyrockets again
> I make another $100B
> invest it back into OpenAI
> round and round we go
> I pay me to pay me to invest in me to boost me to get paid by me
> call it a "strategic whatever"
> call it “AI innovation”
> call it what it is:
> infinite money glitch
> mfw i built a recursive economy where i am the only customer and vendor
> mfw GPUs are optional
> mfw capitalism is just a well-placed loop with exit liquidity

1.68K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.