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chobeat@lemmy.ml to technology@hexbear.netEnglish · 2 days ago

Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News

www.livemint.com

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Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News

www.livemint.com

chobeat@lemmy.ml to technology@hexbear.netEnglish · 2 days ago
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  • cross-posted to:
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  • technology@beehaw.org
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Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.
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  • theOneTrueSpoon@feddit.uk
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    13 hours ago

    How can I make money on the AI bubble popping?

    • ComradeRat [he/him, they/them]@hexbear.net
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      11 hours ago

      Buy the dip 🚀🚀🚀 (Do not actually do this)

  • Beaver [he/him]@hexbear.net
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    1 day ago

    The one argument in favor of inventing the Torment Nexus is the possibility that we could put Larry Ellison in it.

  • towhee [he/him]@hexbear.net
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    1 day ago

    israeli CEO btw

  • BobDole [none/use name]@hexbear.net
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    1 day ago

    Pop goes the bubble goes the bubble goes pop

    • EveningCicada [he/him, they/them]@hexbear.net
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      15 hours ago

      As predicted by Hyuna in her 2011 hit single

  • Johnny_Arson [they/them]@hexbear.net
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    1 day ago

    If the bubble pops we are rapidly entering the cool zone.

  • Evilphd666 [he/him, comrade/them]@hexbear.net
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    1 day ago

    do-something Is it happening yet?

  • mayakovsky [any]@hexbear.net
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    1 day ago

    stonks-down

  • Sleve_McDichael [he/him]@hexbear.net
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    1 day ago

    30,000? sheesh, the scale of these organizations is wild

    • 30_to_50_Feral_PAWGs [she/her]@hexbear.net
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      1 day ago

      graeber

  • tombruzzo [none/use name]@hexbear.net
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    1 day ago

    RAM crash when?

  • Owl [he/him]@hexbear.net
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    1 day ago

    I’d rather see one of the major AI perpetrators get got, but Oracle has always sucked shit so I’m still happy to see them fail.

    • jackmaoist [none/use name]@hexbear.net
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      1 day ago

      The only people suffering here are regular workers. Management will face 0 consequences for running the company into the ground.

    • himeneko [she/her, kit/kit's]@hexbear.net
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      1 day ago

      theyre a major ai perpretator, they were building the flagship datacenter for openAI

      https://www.datacenterfrontier.com/machine-learning/article/55316610/openai-and-oracles-300b-stargate-deal-building-ais-national-scale-infrastructure

  • DasRav [any, any]@hexbear.net
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    1 day ago

    Ah yes, the AI boom is finally there. Marvelous.

  • tactical_trans_karen [she/her, comrade/them]@hexbear.net
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    1 day ago

    Wouldn’t be surprised if the history books point to this as the tipping point.

  • D61 [any]@hexbear.net
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    1 day ago

    picard-excited

  • chgxvjh [he/him, comrade/them]@hexbear.net
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    1 day ago

    Maybe something good will come out of the AI bubble after all

  • barrbaric [he/him]@hexbear.net
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    1 day ago

    econony stonks-down elmofire stonks-down econony

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