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.
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%.