AI bet goes awry: Oracle fires 21,000 employees | The Jerusalem Post
www.jpost.com
Oracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.

Oracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.

  • NaibofTabr@infosec.pubEnglish
    45·
    17 hours ago

    These companies are cannibalizing themselves to pump money into provably unreliable technology.

    • gdog05@lemmy.worldEnglish
      111·
      14 hours ago

      The end goal is obviously not money. At least not in currency and economy as we currently know it. Rather the individual fiat bearers for the cost of existence for everyone.

      • 4am@lemmy.zipEnglish
        61·
        12 hours ago

        I’m glad I’m not the only one who sees the true grift