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chobeat ( chobeat@lemmy.ml )  to Technology@piefed.socialEnglish · 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@piefed.socialEnglish · 7 months ago
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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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  • Jo Miran ( JoMiran@lemmy.ml ) 
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    7 months ago

    The irony of the article including an option for an AI summary is hilarious.

  • AbsolutelyNotAVelociraptor ( AbsolutelyNotAVelociraptor@piefed.social ) 
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    7 months ago

    Normally, if a bubble bursts, you can here a soft “pop”. Normally.

    when this one bursts? We’re gonna start a world war because someone will think the “pop” was a fucking nuke detonation.

  • SeductiveTortoise ( SeductiveTortoise@piefed.social ) 
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    7 months ago

    I love it. Laying off staff to fund data centers to run AI that people don’t want so that other CEOs can lay off more staff.

    Why exactly aren’t we chopping their heads off and use them as vases? I must have forgotten, I bet there’s a good reason.

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