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Technology@lemmy.worldEnglish · 9 days ago

AI bet goes awry: Oracle fires 21,000 employees

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AI bet goes awry: Oracle fires 21,000 employees

sanitation@lemmy.today to

Technology@lemmy.worldEnglish · 9 days ago

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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KyuubiNoKitsune@lemmy.blahaj.zone
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8 days ago
Lol, I will admit, Oracle is like working for Palintir, you know what you’re signing up for.

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