| Your response is over the top. Oracle isn't going to fire 30,000 employees to fund anything. That's the story for Wall Street. Oracle went on a huge run in the market, that it did not deserve, and they're going to attempt to hold on to as much of that gain as they can. Wall Street will applaud slashing jobs if you can give them a good reason for it (and sometimes with no reason at all). Amazon, Meta, Apple, Nvidia, Microsoft, Google are producing $700+ billion per year in op income. They have nothing else to spend it on. They will continue to fund a gigantic AI build out. It does end well eventually, just as the dotcom era build-out ended well over the following decades. It ends with continued US dominance. Yes, the dotcom era saw a crash. The build out continued. Browsers? The US won. Ecommerce? The US and China won. Search? The US won. China didn't win the search war, Baidu was supposed to be a serious global challenger to Google, that was widely hailed across tech circles as a known fact - it was inevitable. Nope. Google won. And Europe never did field a competitor at all. China didn't win the smartphone war. Apple and Google won globally. Apple has produced trillions of dollars in profit on the back of that fact. Cloud? China didn't even come close globally. The US won without any challenge at all. Europe never showed up. But but but Hetzner. China didn't win the GPU war. Nvidia has the market, at least for this decade. That will produce over one trillion dollars in profit in just the next five or six years. China didn't win the AI war. It was OpenAI's ChatGPT that shocked the world and set everything in motion. Now the US has the top three models in GPT, Gemini and Claude. Europe? Not even in the running (although they'd like to believe they are). This all ends with the US remaining on top, with China as its only real peer. Europe? There is no Europe in the equation, just as there wasn't for cloud or mobile apps or smartphones or personal computing. |