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.
  • rumba@lemmy.zipEnglish
    8·
    18 days ago

    auditing their customers and nailing them to wall

    Vendor lock-in is quite profitable.

    Big on Govt projects too