Just checked. They have 162,000 employees. So thats like 18% cut?
I don't even know what that company does. I'm sure it's valuable for a reason, just never understood what they do.
Edit: Google says they sell Database software. OK.
Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
51–60 of 249 posts
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#52And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…
Tech industry in its shape is dead anyways. How many companies / startups work is just to visualize data with some charts to help understand a bit.
How may companies are just some custom data collectors
You can continue , we are at double pivot now. Code is a commodity. Not oracle db , but oracle business department for sure . You can build the same on the fly and curated.
At the same time to support old system you need 10x less people .
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#53Earlier quoted context omitted.
The future load might definitely exist, but will it at a sustainable pricepoint?
And will it be by 2030 or ten years later
If it is 2030, compute and software will vastly reduce requirements.
Nvidia has so much cash for R&D. You can bet they now have immense optimization and improvements in the pipeline, but why would they release anything groundbreaking right now?
There are no real competitors on their heels. As Intel did for decades, they will likely dole out improvements, only when necessary to remain ahead.
By 2030, I expect 10x improvement. We're also seeing stunning optimizations in trained models.
I imagine desktops running many of these local by 2030, even phones.
Will we need even 1/10 the datacenters for LLM in 2030? Certainly, privacy concerns are a thing.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#54Earlier quoted context omitted.
Not sure that makes sense. As amazing a technical feat as AGI will be, does it follow that s.tons of money will immediately be made? That's not really how humans act, historically. Any migration to new technology takes years, decades. There are still steam engines pulling revenue service trains.
Yes - if AGI is made, nearly immediately every knowledge worker’s labor value goes to zero over night. This may or may not include AI researchers.
You are assuming that the AGI service is very cheap..
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#55Just checked. They have 162,000 employees. So thats like 18% cut? I don't even know what that company does. I'm sure it's valuable for a reason, just never understood what they do. Edit: Google says they sell Database software. OK.
Ever heard of JDE?
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#56With the ASICs being so efficient at inference, I’m getting the feeling even the infrastructure investments are going to be severely outdated in a couple of years..
ASICs only work for very small and heavily quantized models. Moreover, they are fixed function hardware, so whenever you have a new model, you have to throw the current chips away and design and buy new ones. That's like buying a new CPU every time a new OS version comes out.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#57The economy is going to go into a deep recession for years with the current economic environment. There will be nobody left to spend money, just increasing corporate and ultra high wealth spend. The rest will be left with food and water. We are destroying currently valuable jobs to allocate resources to electricity and silicon, concentrating wealth into 10 companies pockets. I don't know what comes after, but when yo…
> I don't know what comes after, but when you combine this with the Iran war it's going to be closer to economic depression.
I follow your extrapolation in the first part, but this is where you lost me.
Why is the Iran war guaranteed to have long-term net negative consequences? It seems far too early to predict the outcome with any kind of certainty.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#58I would assume it's the mediocre people that will be let go first
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#59Earlier quoted context omitted.
And will it be by 2030 or ten years later
If it is 2030, compute and software will vastly reduce requirements. Nvidia has so much cash for R&D. You can bet they now have immense optimization and improvements in the pipeline, but why would they release anything groundbreaking right now? There are no real competitors on their heels. As Intel did for decades, they will likely dole out improvements, only when necessary to remain ahead. By 2030, I expect 10x impr…
When I read this comment all I see is: LLM at the edge - or close to it - will become available. And whoever provides the best eco-system across digital lifestyle and business wins.
Oh... Apple? lol.
Well that'd be funny wouldn't it.
Oh and dont forget Apple got rid of its reliance on Intel too. No reason why this can't happen again.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#60The economy is going to go into a deep recession for years with the current economic environment. There will be nobody left to spend money, just increasing corporate and ultra high wealth spend. The rest will be left with food and water. We are destroying currently valuable jobs to allocate resources to electricity and silicon, concentrating wealth into 10 companies pockets. I don't know what comes after, but when yo…
> I don't know what comes after
You start looking like South Africa, Brazil, India or other large economies with high concentration of wealth at the top.