When Ed’s on a roll … Ed’s on a roll
“Stargate” is commonly misunderstood as a Trump program, or something that has raised $500 billion, when what it actually is is Oracle raising debt to build data centers for OpenAI. Instead of staying in its lane as a dystopian datacenter mobster, Oracle entered into negative-to-extremely-low margin realm of GPU rentals, raising $58 billion in debt and signing $248 billion in data center leases to service a 5-year-long $300 billion contract with OpenAI that it doesn’t have the capacity for and OpenAI doesn’t have the money to pay for.