Oracle Rips, Larry Ellison's 1997 Vanity Fair Article, Global Fertilizer Crisis | Diet TBPN

Larry Ellison once recounted how Rupert Murdoch lost a fingertip on his sailboat during a race off Australia, then complained that the media mogul’s coffee had been terrible anyway.

Oracle reported earnings that showed clear acceleration in its cloud infrastructure segment. Revenue guidance for the fiscal year starting in June reached $90 billion against analyst estimates of $86.7 billion. The infrastructure business itself grew 84 percent, beating the 79 percent expectation, while remaining performance obligations climbed to $553 billion. These figures matter because Oracle has positioned itself as an additional source of data-center capacity for customers such as OpenAI and Meta, both of which are expanding AI training and inference workloads. The company spent $18.5 billion on capital expenditures in the most recent quarter, above the $14 billion analysts had modeled, yet gross margins on the new infrastructure came in at 32 percent rather than the guided 30 percent. Management noted that 90 percent of committed capacity has already been delivered on schedule, which has kept cash-flow pressure contained even as spending rises.