AI spending spree hits $600b as Oracle fires 21,000 employees to fund boom
AI spending spree hits $600b as Oracle fires 21,000 employees to fund boom
www.jpost.com
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.
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.