Oracle’s $248 Billion Rent is Next AI ‘Bombshell': Chris Bryant

Of all the eye-popping numbers that Oracle Corp. published last week on the costsof its artificial-intelligence data center buildout, the most striking didn’t appear until the day after its earnings press release and analyst call.

The more comprehensive 10-Q earnings report that appeared on Thursday detailed $248 billion of lease-payment commitments, “substantially all” related to data centers and cloud capacity arrangements, the business-software firm said. These are due to commence between now and its 2028 financial year but they’re not yet included on its balance sheet. That’s almost $150 billion more than was disclosed in the footnotes of September’s earnings update. CreditSights ...