On September 10th, 2025, Larry Ellison made $88 billion in a single afternoon. Oracle's stock jumped 36% in one day. For a few hours, he was the richest person on the planet.

The reason? Oracle had just signed a $300 billion deal to supply compute to OpenAI over five years.

Two weeks later, Nvidia announced it would invest up to $100 billion in OpenAI. And in the same announcement, OpenAI committed to using that money to buy chips from.. Nvidia.

Around the same time, MIT quietly published a report. They surveyed companies actually using generative AI in production. 95% of them said they saw zero revenue improvement.

Nobody really stopped to put these three things next to each other. We were too busy testing the latest model release.