Anonymous23 days ago
Oracle chairman Larry Ellison used the company's Q3 fiscal 2026 earnings call to dismiss the so-called "SaaSpocalypse" — the theory that AI coding tools will obliterate traditional software businesses — declaring it "applies to others but not to us." But the defiant message arrives amid a striking contradiction: Oracle is simultaneously cutting up to 30,000 jobs, carrying over $100 billion in debt, and posting negative free cash flow of $13 billion as it races to build AI data centers, raising questions about whether Ellison's confidence is visionary conviction or survival instinct dressed as strategy.