posted in Technology
AI bet goes awry: Oracle fires 21,000 employees
www.jpost.com/business-and-innovation/tech-and-start-ups/article-903442
The Jerusalem Post | JPost.comAI bet goes awry: Oracle fires 21,000 employees | The Jerusalem PostOracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.
Replying to @sanitation@lemmy.today
This shit is literally ruining the industry for developers/engineers.
At least most of the ones I know and work with.
Replying to @PattyMcB@lemmy.world
it’s ruining the industry right now. when the bubble bursts and the datacenters crater it will be a new golden era for farming!
I know plenty of devs who just want to farm, or hunt, or build shit.
I can’t wait for the farming industry to be disrupted when 100,000 seasoned engineers descend upon companies like john deere. they’ll be like a plague of locusts that will blot out the sun forever.
Replying to @GreenKnight23@lemmy.world
I’ve been of the opinion that Silicon Valley and tech in the US has effectively drawn in the very best of several countries and collectively robbed so many industries of some of the smartest people around.
These people retraining or going back home and into other industries could be an economic boom in the making.
Replying to @GreenKnight23@lemmy.world
I’m going to start a reptile business. Fuck it.