Very interesting article but it seems to be ignoring the elephant in the room which is that the capitalist is lying in order to fleece the public, not least through a government “bailout” aka give me money for failing. If a reporter (or even an average schmuck in this case) can do quick napkin math to see that the numbers aren’t even in the right ballpark then the capitalist as well knows that, as they are generally obsessed with this sort of thing.
The contract in question—a five-year, $300 billion cloud computing agreement between Oracle and OpenAI announced in September 2025—represents the largest technology services contract in history. It commits Oracle to building, equipping, and operating 4.5 gigawatts of data center capacity as part of the Stargate joint venture, with revenue recognition beginning in 2027. The scale is almost incomprehensible: $60 billion in annual payments, sustained for five years, from a single customer.
That single customer is OpenAI, a company currently generating approximately $13 to $15 billion in annualized revenue while losing approximately $9 billion per year. OpenAI’s internal projections, obtained by Fortune, show cumulative losses of $115 billion through 2029. The math is stark: OpenAI must grow revenue approximately fivefold in two years—from $15 billion to $60 billion annually—merely to meet its Oracle commitment, let alone achieve profitability.
No technology company in history has achieved such growth. The closest comparison is Nvidia itself, which grew from $27 billion in fiscal 2024 revenue to approximately $130 billion in fiscal 2025—but Nvidia sells physical products with clear unit economics to customers with immediate use cases. OpenAI sells subscriptions and API access to customers whose return on AI investment remains, by most surveys, deeply uncertain.
Using Nvidia as the only one that made it in this example is kind of misleading, as the only reason they achieved that growth and give credence to the scam is via the scam itself.
Idk, the attitude of “well golly shucks how in the world will they pull this off?” kind of pisses me off because this is a scam, everyone can see it’s a scam, let’s stop pretending it’s not a scam and take those hundreds of billions of dollars and instead of burning it let’s provide every American with a home that has a (second hand / reclaimed / repaired) refrigerator and washing machine, and a (second hand / reclaimed / repaired) computer with high speed internet. Or even healthcare. Or even fucking enough food…
oh for sure, it’s pretty clear this is a giant speculative bubble that will pop inevitably because the promises are directly at odds with what’s physically possible
Very interesting article but it seems to be ignoring the elephant in the room which is that the capitalist is lying in order to fleece the public, not least through a government “bailout” aka give me money for failing. If a reporter (or even an average schmuck in this case) can do quick napkin math to see that the numbers aren’t even in the right ballpark then the capitalist as well knows that, as they are generally obsessed with this sort of thing.
Using Nvidia as the only one that made it in this example is kind of misleading, as the only reason they achieved that growth and give credence to the scam is via the scam itself.
Idk, the attitude of “well golly shucks how in the world will they pull this off?” kind of pisses me off because this is a scam, everyone can see it’s a scam, let’s stop pretending it’s not a scam and take those hundreds of billions of dollars and instead of burning it let’s provide every American with a home that has a (second hand / reclaimed / repaired) refrigerator and washing machine, and a (second hand / reclaimed / repaired) computer with high speed internet. Or even healthcare. Or even fucking enough food…
oh for sure, it’s pretty clear this is a giant speculative bubble that will pop inevitably because the promises are directly at odds with what’s physically possible