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chobeat ( chobeat@lemmy.ml )  to Technology · 7 months 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 ( chobeat@lemmy.ml )  to Technology · 7 months ago
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  • cross-posted to:
  • technology@piefed.social
  • technology@lemmy.zip
  • technology@lemmy.ml
  • usa@midwest.social
  • usa@lemmy.ml
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.
  • Midnitte ( Midnitte@beehaw.org ) 
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    7 months ago

    I think they usually just refer to this as on premise management? Like, its your server but an outside company manages everything for you

    • Gamma ( GammaGames@beehaw.org ) 
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      7 months ago

      Ah yeah I’ve heard of that

      • Midnitte ( Midnitte@beehaw.org ) 
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        7 months ago

        Leave it to Oracle to advertise it as something completely new and innovative.

        • definitemaybe ( definitemaybe@lemmy.ca ) 
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          7 months ago

          I didn’t look into it in detail, but might this be more specific to RAM/video cards? With costs of those components skyrocketing, whoever is committing to buying those is going to have a hard time forecasting.

          So maybe they’re offloading that risk? Kinda like a futures contract, but for computer chips.

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