RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 1 month ago

Oracle fires 21,000 employees to fund AI spending

cross-posted to:
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Oracle fires 21,000 employees to fund AI spending

RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 1 month ago

cross-posted to:
technology@lemmit.online

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

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.

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1 month ago
Have you met Oracle? They seem to thrive on self-inflicted injuries

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