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.
AI goes well: mass layoffs.
AI goes poorly: mass layoffs
Truly the best system
Yeah well, what’s the best way to improve profits for next quarter that both of these things share?
That’s right! You have to pay people to work for you…
Welcome to chasing the profit