cross-posted from: https://quokk.au/c/technology/p/732769/oracle-layoffs-tech-giant-to-slash-30000-jobs-as-banks-pull-out-from-financing-ai-data-centr
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.
AI goes well: mass layoffs.
AI goes poorly: mass layoffsTruly the best system
Oh fuck. This is going to really, really hurt.
And for people that might be gloating about it: it’s likely to hurt the very most for the people not in the upper 1% of 1%.
It’s happening !!!
What is happening?
Pop pop pop
Ohhhh… well, probably not a pop but a slow deflation down to a more reasonable size.
Once a bubble is inflated, it never deflates slowly.
You can inflate everything else. But the only way a bubble reduces is by popping.
Yeah 20% of US GDP is in a.i. datacenters , this should be interesting.
That’s just blatantly false. A pants on fire lie.
Article is from Feb 2 FYI.
Poor java :(
Don’t feel bad for that Java, it was never a good Java… OpenJDK is the Good Java.
Agreed, but they do contibute a lot to the community
Yeah, quite a bit of really good optimizations and stability were done by Sun, now Oracle. The GraalVM stuff is especially interesting…
I’m no fan of Ellison or Oracle; I wish Sun was not acquired by Oracle. Ellison being Ellison, they really really tried to monetize Java the language/platform for some reason.
But at the cost of having Oracle having its mierdas touch
