Thread

1. runeks · 1790331875 · focus · HN ↗

   > The tech group has issued a force majeure notice related to the power supply to the project developer, a unit of Blue Owl Capital, after the site ran into permitting delays after rising local opposition.

   Since when can failing to get a permit be considered force majeure?

   Doesn't majeure specifically denote something large scale and out of anyone's control, such as a hurricane?

   1. dgellow · 1790332712 · focus · HN ↗

      Oracle is in a pretty bad situation, it’s a desperate move. Their debt is rated just above junk since July. They are completely over leveraged. There is a reason the share price has been trending down so much

      1. athrowaway3z · 1790333505 · focus · HN ↗

         Its funny how before Oracle got in everybody was guessing who'd be swimming most naked when the tide goes out. CoreWeave obviously, but OpenAI likely as well depending on whom you'd ask.

         With the contracts that "One Rich Asshole Called Larry Ellison" jumped on its without a doubt Oracle going down second if not first.

         He's just gambling because he's old and feeling bold.

         1. jeltz · 1790336665 · focus · HN ↗

            What makes to possible collapse of Oracle worse is that they have an actual business too that is currently getting cannibalized to feed the AI projects. If coreweave fails that is bad but oracle failing will be worse.

            1. rm_-rf_slash · 1790350824 · focus · HN ↗

               Peoplesoft and its consequences have been a disaster for the modern workforce

               Back when I worked at a university, writing ETL scripts for Peoplesoft felt like I was carrying buckets of data by hand.

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