Comment on US tech firm Oracle cuts thousands of jobs as it steps up AI spending

megopie@beehaw.org ⁨3⁩ ⁨days⁩ ago

“It’s here right now and definitely working and producing productivity and revenue, but also we need to cut costs so we can keep spending money on it. Hmmm? Why not use the revenue it’s generating to pay for it, well, you see, we’re just scailing so fast it’s not enough. Oh, why not fund it with credit? The banks won’t let us put up the nvidia chips as collateral to buy more nvidia chips anymore.”

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