Oracle reportedly lays off thousands of employees to bankroll its massive AI infrastructure bet
Oracle is cutting thousands of jobs to fund its massive AI data center buildout. With the stock down 25 percent and debt mounting, the company is banking on billions in guaranteed revenue, including a $455 billion order from OpenAI. But whether that money will actually materialize is far from certain.<br /> The article Oracle reportedly lays off thousands of employees to bankroll its massive AI infrastructure bet appeared first on The Decoder. [...]
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