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.
  • Jankatarch@lemmy.worldEnglish
    12·
    6 hours ago

    Fucking wild to read the article. Oracle got pissy because regulations said you can’t just shove datacenter electricity costs on people.