this post was submitted on 31 Mar 2026
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Fuck AI

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"We did it, Patrick! We made a technological breakthrough!"

A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

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[–] ColeSloth@discuss.tchncs.de 100 points 2 days ago (2 children)

.... So oracle has been pretty much a straight and slow climb in valuation since 2002.

They had a significant and fast "spike" for pretty much the year of 2025 and then dropped back down to that same slow climb trend (if you ignore the 2025 spike, their chart would look the same as it has for the past 20 years of mostly slow upwards momentum).

Upon the news today, their stock went up 6%.

In other words, like most things shown to you, you've been presented with cherry picked data points to align with the agenda that the presenter wants you to have.

As a side note, I wish about 95% of all ai would burn to the ground, along with Oracle.

[–] SupraMario@lemmy.world 16 points 2 days ago

While I agree, the more people who see that Oracle tanked on the AI trend, the better.

[–] GottaHaveFaith@fedia.io 3 points 2 days ago

yeah they're just back to last year march values, also the fall started October and has been steady, nothing to do with these news

[–] muusemuuse@sh.itjust.works 69 points 2 days ago (1 children)

If the end result of all this AI mess is the death of Oracle I’m okay with it.

[–] mojofrododojo@lemmy.world 18 points 2 days ago

kinda long overdue

[–] Blackfeathr@lemmy.world 153 points 2 days ago (1 children)

Larry Ellison is a MAGA fuckwad

[–] SeductiveTortoise@piefed.social 56 points 2 days ago (1 children)

That's good to know, but I don't really need another reason to hate Oracle. I've been doing this for years and years.

He's also very likely fucked kids. His name appears in 85 Epstein documents. So far.

[–] humanspiral@lemmy.ca 8 points 1 day ago

Larry Ellison is famous for being the most eggregious at financing his lifestyle tax free by taking out loans (doesn't count as income) against his stock. His Zionazi/MAGA media (WB, tiktok) takeovers are financed by his loans on Oracle stock. UAE may one day soon, back out of it's Zionist assistance in WB takeover, which Ellison has had to promise to fully backstop. 30% of his Oracle ownership was secured to loans in 2025. Extra $40B guarantee for WB puts him closer to bankruptcy. Tiktok investment was purely for zionazi media control. All profits go to bytedance still. WB purchase is also pure zionazi motivated, as it is grossly overpriced takeover.

Forced sale of Oracle stock would incur a huge tax bill, and lenders seizing the shares also gives him the same tax bill, afaiu.

[–] vane@lemmy.world 31 points 2 days ago* (last edited 2 days ago) (2 children)


They're still good 5 years performance +109.54% 1 year performance +4.97%

[–] michaelmrose@lemmy.world 11 points 2 days ago (1 children)

Is it fundamentally weird that massive companies have such massive spikes of essentially imaginary valuation? Isn't the only useful thing we get out of turning our economy into a casino accurate pricing driven by market forces? How can this market decide if a massive established figure is worth $300 or $150 decades after its creation?

[–] Brainsploosh@lemmy.world 5 points 2 days ago

The answer is surprisingly easy, the valuation comes from the price people are willing to pay for the stock.

People seem to believe the AI hype will increase value, or at least are willing to bet that it will, and thus are willing to pay more for it.

[–] not_IO@lemmy.blahaj.zone 3 points 2 days ago

one day later it's down to 104% so 5 less

[–] raicon@lemmy.world 67 points 2 days ago

Good, fuck them.

[–] ceenote@lemmy.world 55 points 2 days ago (2 children)

I thought it might be y-axis fuckery, but nah their stock has actually tanked.

[–] Not_mikey@lemmy.dbzer0.com 18 points 2 days ago* (last edited 2 days ago)

More x axis fuckery, if you zoomed out to the period which they actually went all in on AI, about two years ago, you'd see they were rewarded for it with a spike in evaluation, before coming back to earth which OP is showing.

On the other side if you zoom into today, when the layoff announcement was made, they're up ~6%

[–] violentfart@lemmy.world 6 points 2 days ago (1 children)

It’s still misleading; overall it’s back to a “normal” trajectory.

[–] Gullible@sh.itjust.works 16 points 2 days ago

Receding value does still pose massive problems for a company, between reputation cost and massively reallocating funds they hoped to use. overextension isn’t unusual and the implosion can be terrifying. Hence oracle’s 30000 personnel cuts. Personally, I hope they die horribly. Fuck oracle.

[–] jaredwhite@humansare.social 51 points 2 days ago

If we're really super lucky the Paramount/WB merger falls apart because Daddy's shiny money just ain't there no more.

[–] Unpigged@lemmy.dbzer0.com 31 points 2 days ago (1 children)

Oracle's software is massively used to count money. Now there's AI in there. The AI is terrible at counting.

We are about to experience the whole new dimension of fuuuuuuuck.

[–] Baggie@lemmy.zip 25 points 2 days ago (2 children)

Imagine making a computer that can't count

[–] Einskjaldi@lemmy.world 4 points 2 days ago (1 children)

It can count but it's easily distracted, and will make something up if it forgets a detail halfway.

[–] Baggie@lemmy.zip 2 points 2 days ago

Bro I already have ADHD just let me do it instead

[–] ivanafterall@lemmy.world 3 points 2 days ago (1 children)

I can't even imagine making a computer that can count.

[–] Baggie@lemmy.zip 4 points 2 days ago

Just hit sand with enough lightning you'll eventually get something

[–] Hotzmon@fedinsfw.app 33 points 2 days ago* (last edited 2 days ago)

Oracle has been dying company for last 20 years, their horrible db licensing and cash cow strategy has ensured it.

[–] victorz@lemmy.world 4 points 1 day ago

Great visualization of sunk cost 😅

[–] mushroommunk@lemmy.today 24 points 2 days ago (2 children)

That reminds me. I've been abusing their free tier. Need to line something else up to replace them for when they finish collapsing.

[–] Alk@sh.itjust.works 13 points 2 days ago (1 children)

I guess I'm lucky they never let me sign up with a Proton email because it was "suspicious" and went with a cheap ovh droplet instead.

[–] mushroommunk@lemmy.today 3 points 2 days ago

I did it back when I had zero dollars and lots of time. Probably stand up my own box now. I honestly don't need much since I don't host game servers or anything anymore, just a discord bot.

[–] khannie@lemmy.world 20 points 2 days ago

Mad props to whoever shorted back in September.

[–] Gullible@sh.itjust.works 20 points 2 days ago* (last edited 2 days ago) (2 children)
[–] lemmyng@lemmy.world 16 points 2 days ago (1 children)

JESUS CHRIST, A LITTLE WARNING NEXT TIME?!

I totally though it'd be the image of the white techbro-lookin dude with tears in his eyes.

[–] Gullible@sh.itjust.works 7 points 2 days ago* (last edited 2 days ago)

I wish we were still at the point where they might look vaguely human. No, they’ve long since morphed into a living pestilence in both body and mind. Just one more county in middle America, bro.

[–] grue@lemmy.world 12 points 2 days ago* (last edited 2 days ago) (2 children)

Don't link images from Reddit. They do some fuckery where they redirect from the bare file to an HTML page containing it.

Just straight-up steal the image and re-upload it to Lemmy instead, like this (hidden in a spoiler tag in this case because WTF):

spoiler


[–] cageythree@lemmy.ml 6 points 2 days ago

Having your URL end with .../file.ext and not linking to the raw file.ext should be illegal.

[–] Gullible@sh.itjust.works 4 points 2 days ago

Ugh, even when I no longer go there, they still manage to piss me off. Still, siphoning pennies from them with image hosting costs outweighs my minor annoyance. Self hosting is costly

[–] CultLeader4Hire@lemmy.world 12 points 2 days ago (1 children)

I know someone who works there who’s a huge lazy asshole I hope he got laid off

[–] bigkahuna1986@lemmy.ml 17 points 2 days ago

You've met Larry Ellison too?

[–] AlboTheGuy@feddit.nl 9 points 2 days ago

Oh so that's why they've suddenly been arrassing my company for license money

[–] Formfiller@lemmy.world 7 points 2 days ago

Larry Ellison is a danger to the entire world.

[–] massive_bereavement@fedia.io 9 points 2 days ago

I haven't drank in a while, but I'll get loose as a goose if I get to dance over Oracle's grave.

[–] Steamymoomilk@sh.itjust.works 4 points 2 days ago

They fell off sense the bought sun Microsystems

[–] Brummbaer@pawb.social 7 points 2 days ago

Don't give me hope.

[–] spitfire@lemmy.world 3 points 2 days ago

I hope they go down even further. Shitty company with a shotty owner.

[–] LemmyBruceLeeMarvin@lemmy.ml 3 points 2 days ago

Get wrecked Ellison

[–] mojofrododojo@lemmy.world 2 points 2 days ago (1 children)

anyone have confirmation on that 30,000 number?

[–] Babalugats@feddit.uk 3 points 2 days ago
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