🇺🇸 We have our first break in the matrix: Oracle.
A month ago Oracle stock soared after forecasting extraordinary growth: "We signed four multi-billion-dollar contracts with three different customers in Q1," said Oracle CEO, Safra Catz.
$455B in contract backlog. Multi-billion-dollar deals.
But according to The Information, newly surfaced internal documents paint a very different picture.
Oracle’s AI cloud margins are razor-thin around 14 cents of profit for every $1 in Nvidia server rentals.
That’s less than most retail businesses, and in some cases, the company’s actually losing money. The data shows margins fluctuating between 10% and 20%, averaging just 16%.
And reportedly, Oracle lost nearly $100 million last quarter renting out Blackwell chips, the very product driving its “AI boom.”
🔗 Stock Market News
WEF co-chair and BlackRock CEO Larry Fink boasts that his firm's global reach grants him unparalleled influence over future world leaders—including Keir Starmer—"before they win".
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Zohran Mamdani’s intern Arzoo Malik is calling for a Holy War through Jihad and martyrdom:
“This is all jihad, this is all ibada, and this is all counted for by Allah.”
She shrugs off the consequences—doxing, arrest, suspension:
“How gangster are you?... How committed am I to this?... What am I willing to sacrifice for this noble cause?”
And she’s at peace with the fallout.
“If you get suspended, if you get doxed… it will never, ever be in vain.”
A picture from this week.
His "smart water purifier" wouldn't give him any water, because it depended on the Amazon "cloud" to work, and Amazon Web Services (AWS) crashed.
AIPAC is now apparently having their donors give money to candidates "directly" (through some shady backchannel), rather than through their own organization.
This allows them to avoid the stigma of being "AIPAC-funded."
"The site appears to be using Democracy Engine LLC as the vendor, meaning they may be able to skirt FEC requirements to 'earmark' the donation, but what's also clear is that donors are being sent this link from AIPAC driving donations without any transparency of that happening," Matthew Eadie reports.
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Canada: BC Supreme Court rules that homeowners in Richmond may not actually own their homes, because once upon a time a tribe lived there.
"The court has declared aboriginal title to your property which may compromise the status and validity of your ownership."
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