Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.
  • Encrypt-Keeper@lemmy.worldEnglish
    13·
    2 days ago

    These jobs aren’t being lost due to efficiency increases from AI. They’re being lost because Oracle wants to build more AI Datacenters and can’t afford to. Banks stopped fronting them money to do so, so they’ve laid all these employees off the increase capital.