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--- it:ai_history [2026/03/02 22:42] – [2026] gary1
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   *Oracle shares fall from 2025 peak on realisation that their new strategy of owning massive specialized datacentres with borrowings exceeding $US108b, long term liabilities blowing out to over $US170b ($US248b in long term lease commitments) with Oracle taking most of the financial risk of AI but not exposed to the potential profits the AI companies may make who rent their datacentre capacities. Oracle has transitioned from a low asset, low risk, high margin licensing fee company to a high debt, high risk, infrastructure utility company whose profit is dependent upon the profits of the companies which lease their datacentres, in particular, OpenAI along with risks of delays to development of these datacentres incuding access to AI chips (they had partnered mainly with AMD for these rather than market leader nVidia). In Jan 2026, bond holders who had purchased part of the $US25b bonds Oracle sold in late 2025 to fund their new infrastructure launched legal proceedings to sue Oracle for misleading them on the risks.
   *Trump declares Anthropic a "supply chain risk" and bans Anthropic AI use in US Govt agencies stating it is "woke", accused it of being an "out-of-control, Radical Left AI company run by people who have no idea what the real World is all about", and after winning a $US200m contract, Anthropic refused to give the Pentagon "unfettered access" to its tools as Anthropic boss, Dario Amodei, said he would not bend to such demands over concern that Anthropic would be used in mass surveillance and fully autonomous weapons. OpenAI given the contract instead. Musk's xAI Grok had already been given defence contracts.
+  *Mar 31st 2026, Oracle reportedly sacks 18% of its 160,000 workforce via email sent at 6am “After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organisational change... As a result, today is your last working day."(([[https://www.businessinsider.com/read-oracle-layoff-email-employees-job-cuts-2026-3]]))