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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.

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[-] qevlarr@lemmy.world 6 points 1 hour ago
[-] prof@infosec.pub 21 points 1 hour ago

Charge people who accidentally used their Java SDK.

[-] flamingo_pinyata@sopuli.xyz 1 points 25 minutes ago

They used to sell a pretty good (if complex) database system. However it hasn't been popular for many years. I assume they still have big customers who are locked in.

These days they're just another amorphous "cloud service provider", and not a good one either.

[-] drmoose@lemmy.world 6 points 1 hour ago

I've been a software engineer for over 20 years now and tbh I couldn't tell you even if my life depended on it. I know it's a shit tier hosting service that people use because they offer 5$ worth virtual server for free with a valid credit card but that's about it.

It's one of those ancient paper shuffling IT companies that is 95% sale/middle mamager leeches, 5% wizard engineers carrying everything on their shoulders.

[-] a1studmuffin@aussie.zone 3 points 1 hour ago
[-] M0oP0o@mander.xyz 1 points 3 minutes ago

Yes and like IBM they are in the business of getting out of business, and business is good!

[-] Tollana1234567@lemmy.today 3 points 1 hour ago

DATACENTERs apparently, especially for AI.

[-] Not_mikey@lemmy.dbzer0.com 22 points 4 hours ago* (last edited 4 hours ago)

The bubble popping seems inevitable at this point. Before the Giants were funding this by their core business plus loans backed by their core business. Now they've stretched their credit so much that no one's giving them loans anymore and instead of cutting back on the building spree they're making cuts to their core business.

They're betting that their customers are so locked in that they won't leave despite degradation in service. How deep oracle, AWS, googles hooks are in people remain to be seen, people seem to tolerate a lot of enshitification, but there's gotta be a tipping point. Once they reach that and the core business crashes all the rest of the dominos will fall.

[-] Tollana1234567@lemmy.today 5 points 1 hour ago

that is why they are trying to peddle this to governments in EU, USA so heavily, they know they will take on AI at face value, instead of testing the efficacy of using AI.

[-] Munkisquisher@lemmy.nz 7 points 2 hours ago

Once these companies have to start charging what it really costs to maintain and run these huge models. The number of use cases will shrivel.

[-] hydrashok@sh.itjust.works 21 points 6 hours ago

Pop that bubble, baby!

[-] JasonDJ@lemmy.zip 17 points 6 hours ago

One rich asshole called Larry Ellison.

[-] Tollana1234567@lemmy.today 2 points 1 hour ago

which is being encouraged by Jensen

[-] XLE@piefed.social 34 points 8 hours ago

This is technically job loss caused by AI...

[-] tal@lemmy.today 53 points 10 hours ago

Note that the article is from the beginning of February.

[-] Passerby6497@lemmy.world 8 points 8 hours ago

Fuckin explains a lot of the last month's issues

[-] pelespirit@sh.itjust.works 24 points 9 hours ago
[-] xxce2AAb@feddit.dk 33 points 9 hours ago

It's Oracle: It's not like they deliver value either way.

[-] doug@lemmy.today 12 points 9 hours ago

Pull out, don’t pull out, we’re fucked either way.

[-] tlekiteki@lemmy.dbzer0.com 2 points 7 hours ago
this post was submitted on 07 Mar 2026
263 points (100.0% liked)

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