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.
So now they HAVE to double down and fund this AI infrastructure, because sunk costs dictate that they can’t admit to a bad decision and hire back the terminated employees.
Just because it’s costly doesn’t mean they aren’t going to push forward with all their might, unfortunately
So now they HAVE to double down and fund this AI infrastructure, because sunk costs dictate that they can’t admit to a bad decision and hire back the terminated employees.
Just because it’s costly doesn’t mean they aren’t going to push forward with all their might, unfortunately
Anyone with sense still locked in to Oracle products needs to find their nearest exit strategy.
I know it won’t be easy, but the alternative is going to be a lot messier when they completely go to shit and you lose everything.