The post Oracle’s Larry El betrayed Elon Musk for Sam Altman, and he is paying enormously for that appeared on BitcoinEthereumNews.com.

Larry Ellison broke from Elon Musk at the exact moment OpenAI needed a miracle, and that choice pushed Oracle into the most expensive cloud gamble ever written on paper. The whole thing began when OpenAI sent a random LinkedIn message in spring 2024 to Oracle sales leaders. It was from Peter Hoeschele, who said OpenAI needed more computing power. OpenAI had been rushing to rent data center space, buy GPUs, and design its own chips since ChatGPT went viral in 2022. Nothing was enough. The company was burning billions while trying to keep up with demand. Oracle already had plans for a massive West Texas data center. That plan originally involved Elon’s xAI.The buildings were supposed to be X-shaped, according to people close to the deal. Elon and Larry were tight for years. Larry served on Tesla’s board and hosted Elon on Lanai. But Elon decided to build his own sites and walked away. Right after he did, the LinkedIn message landed in Oracle’s inbox and flipped the whole direction of the project. White House event reveals Stargate plan Peter’s message pushed Oracle and OpenAI into talks. Months later, Oracle, OpenAI, and SoftBank joined Donald Trump at the White House on Trump’s second day back in office. Trump announced a national AI data center plan called Stargate and said it would create huge numbers of jobs. Trump told the room, “So put that name down in your books, because I think you’re going to hear a lot about it in the future.” Trump then called Larry to the lectern. Larry said, “Thank you, Mr. President, we certainly couldn’t do this without you,” and added, “AI holds incredible promise for all of us, for every American.” He kept it short. He said the new data centers were already under construction and…

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Filed under: News - @ December 14, 2025 2:25 pm