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.
  • Rhaedas@fedia.io
    1·
    29 days ago

    So same business model as Microsoft. Same self-inflicting injury strategy too,