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AI spending spree hits $600b as Oracle fires 21,000 employees to fund boom (www.jpost.com)
submitted 9 hours ago by VetOfTheSeas@discuss.online to c/business@lemmy.world
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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.

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[-] ZeroGravitas@lemmy.dbzer0.com 5 points 8 hours ago

To be clear, "boom" in this context is the original, dynamite generated sound?

I'm into it.

this post was submitted on 02 Aug 2026
119 points (100.0% liked)

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