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.
26 Comments
QProphecy@lemmy.world · 50 pts · 177d
It's happening !!!
hammertime@lemmy.org · 7 pts · 177d
What is happening?
raicon@lemmy.world · 32 pts · 177d
Pop pop pop
gdog05@lemmy.world · 27 pts · 177d
hammertime@lemmy.org · 5 pts · 177d
Ohhhh… well, probably not a pop but a slow deflation down to a more reasonable size.
marcos@lemmy.world · 9 pts · 177d
Once a bubble is inflated, it never deflates slowly. You can inflate everything else. But the only way a bubble reduces is by popping.
That said, I don't think it's happening right now.
nixfreak@sopuli.xyz · 0 pts · 177d
Yeah 20% of US GDP is in a.i. datacenters , this should be interesting.
hammertime@lemmy.org · 4 pts · 177d
That’s just blatantly false. A pants on fire lie.
nixfreak@sopuli.xyz · 1 pts · 159d
https://www.cnbc.com/2026/01/26/ai-wasnt-the-biggest-engine-of-us-gdp-growth-in-2025.html
RagingRobot@lemmy.world · 1 pts · 176d
If it crashes maybe the interest rates will drop and normal people can buy things again
nothingcorporate@lemmy.today · 40 pts · 177d
AI goes well: mass layoffs.
AI goes poorly: mass layoffs
Truly the best system
Joeffect@lemmy.world · 2 pts · 176d
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
Brkdncr@lemmy.world · 21 pts · 177d
Article is from Feb 2 FYI.
CharlesDarwin@lemmy.world · 11 pts · 177d
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%.
abbadon420@sh.itjust.works · 6 pts · 177d
Poor java :(
comador@lemmy.world · 21 pts · 177d
Don't feel bad for that Java, it was never a good Java... OpenJDK is the Good Java.
abbadon420@sh.itjust.works · 2 pts · 177d
Agreed, but they do contibute a lot to the community
CharlesDarwin@lemmy.world · 5 pts · 177d
Yeah, quite a bit of really good optimizations and stability were done by Sun, now Oracle. The GraalVM stuff is especially interesting...
I'm no fan of Ellison or Oracle; I wish Sun was not acquired by Oracle. Ellison being Ellison, they really really tried to monetize Java the language/platform for some reason.
mp3@lemmy.ca · 3 pts · 177d
But at the cost of having Oracle having its mierdas touch
LedgeDrop@lemmy.zip · 1 pts · 177d
... and MySQL
Ironfist79@lemmy.world · 2 pts · 175d
Use MariaDB instead.
kittykillinit@lemy.lol · 5 pts · 176d
No sympathy for people who work for oracle/blizzard/ea/etc.
They deserve all the abuse they get.
maplesaga@lemmy.world · 3 pts · 176d
People just want jobs man, lifes hard enough without restricting yourself to "ethical" corportions which dont exist.
Canonical_Warlock@lemmy.dbzer0.com · 4 pts · 176d
That's the mentality that gets people to become prison guards and ice agents. There are plenty of jobs out there, nobody needs to work for these scum companies.
Formfiller@lemmy.world · 5 pts · 176d
AI needs to die
FoxtrotDeltaTango@sh.itjust.works · 2 pts · 174d
Yeah, same here. this honestly, truth nuke