• Larry Ellison's misadventures in farming

    From JAB@21:1/5 to All on Mon Feb 24 12:21:20 2025
    The lesson of Larry Ellison's misadventures in farming

    Larry Ellison's leap into farming with his company, Sensei Farms,
    serves up a classic reminder: being a genius in one arena doesn't mean
    success in another. As the WSJ reports, the Oracle co-founder set out
    to reinvent agriculture on Hawaii's Lana'i Island, which he scooped up
    for $300 million back in 2012. Eight years and more than $500 million
    later, the project is still floundering.

    Ellison dreamed of AI-powered greenhouses and robot harvesters feeding
    the world sustainably. Instead, Sensei has been tripped up by tech
    snarls -- like Wi-Fi issues and solar panels battered by Lanai's winds
    -- and rookie mistakes. Think greenhouses designed for Israel's desert
    climate, when Lana'i is typically muggy. The company also mixed mature
    and baby plants together, a blueprint for a pest paradise.

    Sensei, co-founded by a medical doctor and led currently by a tech
    exec who runs Sensei from Boston, has had small wins, reports the WSJ.
    Its lettuce and cherry tomatoes now appear at the island's few local
    markets and restaurants. But constant delays, leadership shake-ups,
    and pricey blunders, including cannabis grow houses that needed to be
    gutted and rebuilt, highlight a tough truth: even bottomless funding
    is no match for the hard lessons of a specialized industry.

    https://techcrunch.com/2025/02/23/the-lesson-of-larry-ellisons-misadventures-in-farming/

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)