posted in Technology
AI bet goes awry: Oracle fires 21,000 employees
www.jpost.com/business-and-innovation/tech-and-start-ups/article-903442
The Jerusalem Post | JPost.comAI bet goes awry: Oracle fires 21,000 employees | The Jerusalem PostOracle 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.
Replying to @sanitation@lemmy.today
“The global race for dominance in artificial intelligence is turning into one of the most expensive and turbulent corporate competitions in history.
Tech giants Amazon, Microsoft, Alphabet, and Meta are expected to spend about $600 billion on AI infrastructure during 2026.”
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GODDAMMIT. I just realized they’re speedrunning the creation of AM.
Replying to @tutter@lemmy.blahaj.zone
But is it smart enough to turn to Darwin at the silicon or the molecular hardware layer, before the AI winter is here? Because it will be fimbulwinter this time.
Replying to @eleitl@lemmy.zip
Fuckin hopefully not dude, i don’t wanna see am spring into existence. I still have a mouth to scream with and I’d prefer to keep It