this post was submitted on 07 Mar 2026
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Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.

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[–] qevlarr@lemmy.world 31 points 1 day ago (20 children)
[–] flamingo_pinyata@sopuli.xyz 17 points 1 day ago (3 children)

They used to sell a pretty good (if complex) database system. However it hasn't been popular for many years. I assume they still have big customers who are locked in.

These days they're just another amorphous "cloud service provider", and not a good one either.

[–] jj4211@lemmy.world 11 points 1 day ago* (last edited 1 day ago)

In IT the golden rule is regardless of technical merit, you do not want a business relationship with Oracle under any circumstances.

They will use that foot in the door to make your life hell with audits and invoicing crap you never bought.

[–] Dremor@lemmy.world 5 points 1 day ago (4 children)

I work with a client using an Oracle DB. You have to do multiple request to even do something basic as pagination 😂.

They improved it over the years, but given the choice, I'd advice for anything else than Oracle. I'd even prefer MS Sql, which, given I'm pretty anti-MS, is a miracle.

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[–] drmoose@lemmy.world 19 points 1 day ago (5 children)

I've been a software engineer for over 20 years now and tbh I couldn't tell you even if my life depended on it. I know it's a shit tier hosting service that people use because they offer 5$ worth virtual server for free with a valid credit card but that's about it.

It's one of those ancient paper shuffling IT companies that is 95% sale/middle mamager leeches, 5% wizard engineers carrying everything on their shoulders.

[–] a1studmuffin@aussie.zone 14 points 1 day ago (2 children)
[–] drmoose@lemmy.world 13 points 1 day ago* (last edited 1 day ago) (5 children)

At least IBM used to be cool and gave us things like SQL, DRAM and Thinkpads. Other than Java kits I couldn't name a single useful initiative from Oracle. They just take existing inventions and shuffle enterprise papers.

[–] matlag@sh.itjust.works 8 points 1 day ago

IBM gave us the PC standard! That's by far their biggest contribution to the IT world, we're still harvesting the belefits today.

Look at the ARM ecosystem of "every-PCB-is-its-own-kind".

[–] baggachipz@sh.itjust.works 9 points 1 day ago (1 children)

Oracle didn't even create Java, Sun Microsystems did and Oracle gobbled them up. The only thing Oracle has actually created is a shitty old database system and legions of lawyers.

I don't know much about Sun, but they seemed like a cool company - Java, Solaris, Sparc. A lot of people sounded pretty upset when they got acquired.

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[–] AnUnusualRelic@lemmy.world 9 points 1 day ago

Destroy popular and useful companies.

[–] Blackmist@feddit.uk 4 points 1 day ago

"You know what the trouble is, Brucey? We used to make shit in this country, build shit. Now we just put our hand in the next guy's pocket."

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[–] BenchpressMuyDebil@szmer.info 9 points 1 day ago (1 children)
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[–] Damage@feddit.it 9 points 1 day ago (2 children)

It'll be though for the job market to reabsorb those people. There's only so many positions for evil henchmen.

[–] Tja@programming.dev 7 points 1 day ago

Lawyers are always in demand!

[–] Rooster326@programming.dev 4 points 1 day ago* (last edited 1 day ago)

When Oracle sends its people, they’re not sending their best...

[–] hydrashok@sh.itjust.works 36 points 1 day ago (1 children)
[–] jj4211@lemmy.world 9 points 1 day ago (1 children)

This is the fascinating thing about this bubble. Usually people are suspecting a bubble/perceiving it, and are afraid of when it pops, but no one really wants it to pop, they just don't like the fragility it causes knowing it could pop any minute.

So many people actively want the AI bubble to pop. I can't recall a bubble so odious that everyone was rooting for it to hurry up and fail before.

[–] jason@discuss.online 6 points 1 day ago

I think this one is just more obviously a bubble. If the pop is inevitable, then, the sooner the better. That, and the AI everywhere all at once is tangible and in your face. No one I know likes it.

[–] JasonDJ@lemmy.zip 30 points 1 day ago (2 children)

One rich asshole called Larry Ellison.

[–] ThirdConsul@lemmy.zip 8 points 1 day ago (1 children)

He personally guarantees 40 billion from 111 bilion for the Paramount - Warner Bros acquisition.

I do wonder if this might put the financing there at risk lol.

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[–] FiniteBanjo@feddit.online 36 points 1 day ago* (last edited 1 day ago)

YEEEEESSSSSS~

[–] ritsku@lemmy.world 5 points 1 day ago (1 children)

I cannot wait for them to liquidate all that ram

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[–] pelespirit@sh.itjust.works 29 points 1 day ago (3 children)
[–] xxce2AAb@feddit.dk 43 points 1 day ago

It's Oracle: It's not like they deliver value either way.

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