Larry Ellison Bet It All on the A.I. Boom. Will He Be the Face of the AI Bubble

[rcjordan]

Skip the article, here's the economics...

""We are making trillions of dollars in investments on the back of tens of billions of dollars in revenues."

The growing consensus is that these kinds of numbers add up to a bubble. The more salient question may be how big a bubble, and also what will happen if it bursts. One macroeconomic research firm, MacroStrategy Partnership, has estimated that the A.I. bubble is 17 times as large as the dot-com bubble and four times as large as the 2008 housing bubble. The housing crash may be especially instructive. It rippled across the entire economy like a contagion because the housing market had itself drawn investments from across the entire economy. This is even more true of the A.I. boom, which has been driving America's growth across the spectrum — real estate companies, banks, even energy wholesalers have all been riding the A.I. wave."

https://www.nytimes.com/2026/07/31/magazine/larry-ellison-ai-oracle.html