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.
  • comador @lemmy.worldEnglish
    0·
    3 months ago

    Couldn’t happen to a better group of companies. Let them all beg for bailouts and be denied.

    • db2@lemmy.worldEnglish
      1·
      3 months ago

      and be denied

      Maybe under a sane leadership, certainly not now. Trump will give them a bailout and a shipping container full of “deported” teenagers.