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Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres (www.livemint.com)

submitted 1 day ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] MoonMelon@lemmy.ml 14 points 1 day ago (1 children)

So oracle eats its seed corn to build even more fucking data centers rather than accept the risk evaluations of their lenders.

Man, what god damn geniuses over there. I bet they can't wait to have their ghost writers felate them over this decision in their future "autobiographies" that will be for sale at the airport. Oh wait, silly me, there's no ghost writers anymore!

[–] ThomasWilliams@lemmy.world 2 points 1 day ago

They have an ironclad contract with OpenAI, they can't just opt out.