172
AI spending spree hits $600b as Oracle fires 21,000 employees to fund boom (www.jpost.com)
submitted 2 months ago by to c/business@lemmy.world
12 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] 13 points 2 months ago (1 child)

The end goal is obviously not money. At least not in currency and economy as we currently know it. Rather the individual fiat bearers for the cost of existence for everyone.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •