Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

AI bet goes awry: Oracle fires 21,000 employees

msn.com

Post reply on HN
Print view View original

11–20 of 34 posts

Re: AI bet goes awry: Oracle fires 21,000 employees

#11

Post by ryandrake »

arm32 wrote: post #7
not_your_vase wrote: post #2

The article seems to be more about Oracle being forced to cough up $7B as collateral for one of their new shiny (future-) data centers - even though apparently they tried to make this requirement go away, but the regulators weren't touched by their crocodile tears.

I'm shocked regulators didn't budge. Good.

There must be something else going on. It's 2026. How in the world could a local government in the USA just... fail to let a corporation break the rules and do anything it wants? It defies belief.

Re: AI bet goes awry: Oracle fires 21,000 employees

#12

Post by PearlRiver »

mawadev wrote: post #9

You kinda think senior management knows what goes on, but if you ever got in touch with senior management, you just know they have no idea and go off of vibes, as soon as the vibe shifts around them, its time to socialize the consequences... downwards

To be fair some of those CEOs will have trouble finding golf buddies for a few months.

Re: AI bet goes awry: Oracle fires 21,000 employees

#13

Post by jamesfinlayson »

arm32 wrote: post #7
not_your_vase wrote: post #2

The article seems to be more about Oracle being forced to cough up $7B as collateral for one of their new shiny (future-) data centers - even though apparently they tried to make this requirement go away, but the regulators weren't touched by their crocodile tears.

I'm shocked regulators didn't budge. Good.

I'm in Australia and in my experience gambling regulators don't budge. Other ones might not be as strong.

Re: AI bet goes awry: Oracle fires 21,000 employees

#15

Post by lovich »

arm32 wrote: post #7
not_your_vase wrote: post #2

The article seems to be more about Oracle being forced to cough up $7B as collateral for one of their new shiny (future-) data centers - even though apparently they tried to make this requirement go away, but the regulators weren't touched by their crocodile tears.

I'm shocked regulators didn't budge. Good.

I am also shocked. As a second tier citizen for being merely a human instead of a corporation I am used to having to put up collateral to get big loan deals.

I am amazed that our betters are being held to the same standards. Maybe they forgot to pay a few million in lobbying to get the preferred treatment plan.

Re: AI bet goes awry: Oracle fires 21,000 employees

#16

Post by jmalicki »

jamesfinlayson wrote: post #13
arm32 wrote: post #7

Earlier quoted context omitted.

I'm shocked regulators didn't budge. Good.

I'm in Australia and in my experience gambling regulators don't budge. Other ones might not be as strong.

This is the US. You can just throw a UFC party or something for Trump then you're good.

Re: AI bet goes awry: Oracle fires 21,000 employees

#17

Post by etempleton »

mawadev wrote: post #9

You kinda think senior management knows what goes on, but if you ever got in touch with senior management, you just know they have no idea and go off of vibes, as soon as the vibe shifts around them, its time to socialize the consequences... downwards

There are maybe 1 in 10 that really truly know what they are doing.

Re: AI bet goes awry: Oracle fires 21,000 employees

#18

Post by abrookewood »

jmalicki wrote: post #16
jamesfinlayson wrote: post #13

Earlier quoted context omitted.

I'm in Australia and in my experience gambling regulators don't budge. Other ones might not be as strong.

This is the US. You can just throw a UFC party or something for Trump then you're good.

God I wish you were joking ...

Re: AI bet goes awry: Oracle fires 21,000 employees

#20

Post by sinuhe69 »

Best part:

“Oracle petitioned the court against the requirement, arguing that these financing costs would deter future investment in the state, while emphasizing its commitment to the project, […]. Regulators, on the other hand, remained firm in their stance, clarifying that existing customers should not subsidize data centers. This issue is not limited to Wisconsin: At least 24 US states have already approved special rates, minimum conditions, exit penalties, and collateral requirements for heavy electricity consumers.

Post reply on HN