Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.

  • SocialMediaRefugee@lemmy.world
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    14 hours ago

    They fired people for AI, now they fire them without AI. Please tell me how they plan on sustaining an economy where only the 1% has discretionary income?

    • andallthat@lemmy.world
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      5 hours ago

      But Oracle was building those data centers for OpenAI. OpenAI is going to be used by the Pentagon. Bailing Oracle out is now a matter of National Security!! If this has to come off of the taxes paid by the people they just laid off, that’s unfortunate but… have I mentioned National Security?