Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
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Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#2We will continue to be told this is because AI is driving efficiency instead of that it's driving CapEx and investors won't tolerate FCF collapsing.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#3We will continue to be told this is because AI is driving efficiency instead of that it's driving CapEx and investors won't tolerate FCF collapsing.
Everyone is holding their breath praying AGI either will, or will not, come before the chickens come home to roost.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#4We will continue to be told this is because AI is driving efficiency instead of that it's driving CapEx and investors won't tolerate FCF collapsing.
In Oracle's case this is part of their larger Oracle Cloud strategy - once you remove the scooby doo monster mask you end up finding much of Oracle's AI spend was connected with their larger bet on Oracle Cloud and becoming a tier 1 hyperscaler.
This is why they landed one of the mega cybersecurity companies (the one who's name starts with C) as well as a globally distributed ridesharing businesses with sweetheart terms.
Oracle Cloud already represents 50% of Oracle's total revenue, and the AI story helps them justify that capex needed to fund their pivot into becoming a hyperscaler.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#5We will continue to be told this is because AI is driving efficiency instead of that it's driving CapEx and investors won't tolerate FCF collapsing.
don’t forget that they will probably hire thousands off-shore
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#6This article is over a month old.
Why is it being shared now? Its also posted on reddit where it has some lift.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#7We will continue to be told this is because AI is driving efficiency instead of that it's driving CapEx and investors won't tolerate FCF collapsing.
Everyone is holding their breath praying AGI either will, or will not, come before the chickens come home to roost.
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.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#8This article is over a month old. Why is it being shared now? Its also posted on reddit where it has some lift.
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Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#9This article is over a month old. Why is it being shared now? Its also posted on reddit where it has some lift.
You don't have to share only new things, often people share things that are many years old too and that's also fine.
Re: Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat
#10Earlier quoted context omitted.
Everyone is holding their breath praying AGI either will, or will not, come before the chickens come home to roost.
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.