"But his big bet on AI was built on an astronomical amount of debt in every imaginable form — bonds, letters of credit, asset-backed securities — available in seemingly unlimited quantities, because the more you spent building AI infrastructure, the more you would earn, or so the logic went." -NYT
Larry Ellison Bet It All on the A.I. Boom. Will He Be the Face of the A.I. Bubble?Inside the 81-year-old billionaire’s risky, debt-fueled scramble to transform his data empire into an A.I. juggernaut.www.nytimes.com