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TechnologyEnglish · 2 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

TechnologyEnglish · 2 days ago

cross-posted to:
[email protected]

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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Dr. Moose
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It’s already irrelevant in most places. If you’re non-American you only heard of Oracle’s Sun acquisitions like mysql, virtualbox or openjdk.
- badcommandorfilename
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  What are: 3 technologies I stopped using 20 years ago?

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