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- Hacker News
- Is this the AI jobs apocalypse we heard about.
People who made the business what it is today, being sacked so the company can join the bubble? When it bursts those people can go and sell expensive databases to governments agencies under a new umbrella.
by jimnotgym - by krunck
- Requiring $7 billion in collateral, nearly half the cost of the entire $15 billion project, to insure the utility’s full capital investment in case the company walks away, is completely insane. “Existing customers should not subsidize data centers” seems like pure demagogy there.by gordian-mind
- This news is a month old.by ecocentrik
- AI companies want their customers to lay off people so that when they turn up the prices to "barely profitable" they will be forced to pay up.by beardyw
- [dupe]
Recent related:
Oracle could face $7B collateral bill for Wisconsin data centre
https://news.ycombinator.com/item?id=48993488
S&P Global has lowered Oracle’s creditworthiness from BBB to BBB-
https://news.ycombinator.com/item?id=48909768
And 3 months ago:
Oracle slashes 30k jobs
https://news.ycombinator.com/item?id=47587935
(also this exact article yesterday with a bunch of upvotes and comments, but doesn't matter https://news.ycombinator.com/item?id=49025754)
- Very good timing for this contract with the Pentagon then,at just the right amount.
https://ca.finance.yahoo.com/news/pentagon-awards-oracle-nea...
by unaib - AFAIK this article is not discussing new layoffs, this was previously discussed 3 months ago
https://news.ycombinator.com/item?id=47587935
The angle of the article is basically they did these layoffs and now also face some serious debt risks. Which was also obvious a few months ago. Oracle made a huge gamble, even more so than other big tech firms.
by dmix