Comment on Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News

• GammaGames@beehaw.org ⁨2⁩ ⁨days⁩ ago

  Ah yeah I’ve heard of that

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  • Midnitte@beehaw.org ⁨2⁩ ⁨days⁩ ago

    Leave it to Oracle to advertise it as something completely new and innovative.

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    • definitemaybe@lemmy.ca ⁨1⁩ ⁨day⁩ ago

      I didn’t look into it in detail, but might this be more specific to RAM/video cards? With costs of those components skyrocketing, whoever is committing to buying those is going to have a hard time forecasting.

      So maybe they’re offloading that risk? Kinda like a futures contract, but for computer chips.

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