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

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definitemaybe@lemmy.ca ⁨1⁩ ⁨week⁩ 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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