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
Couldn’t happen to a better group of companies. Let them all beg for bailouts and be denied.
Replying to @comador@lemmy.world
and be denied
Maybe under a sane leadership, certainly not now. Trump will give them a bailout and a shipping container full of “deported” teenagers.
Replying to @db2@lemmy.world
lol you think either party wouldn’t bail them out? They all own stock in these companies, party line means fuck all when it comes to their net worth. Both parties will link arms sing kumbaya and rip us off yet again…
Replying to @TIEPilot@lemmy.world
I didn’t say anything about another party though.