Larry Ellison’s Oracle slashing thousands of jobs due to AI cash crunch: report

Tehnologie

Enterprise software company Oracle is planning thousands of job cuts as it faces a cash crunch from a massive AI data center expansion effort, Bloomberg News reported Thursday. Long a smaller contender in the cloud market, over the past year Oracle has emerged as a major player in the business of renting computing power thanks, in part, to its $300 billion deal with OpenAI . But investors have grown worried about how it would fund the data center expansion needed to serve OpenAI and other

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