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Oracle cutting thousands in latest layoff round, continues to ramp AI spending (cnbc.com)
5 points by sparin9 52 days ago
1 comments

Financial engineering dressed up as AI strategy. Oracle is laying off the people who keep the database business running to fund GPU commitments underwritten largely by a single unprofitable customer that's actively building its own silicon. The stock loves it — until OpenAI renegotiates or insources.