AI bet goes awry: Oracle fires 21,000 employees | The Jerusalem Post
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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.

  • Aceticon@lemmy.dbzer0.comEnglish
    4·
    2 hours ago

    The bankrupcy of Oracle when it blows up will be the silver lining of this bubble.

    And Meta and Microsoft getting seriously screwed.