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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• orca@orcas.enjoying.yachts ⁨2⁩ ⁨days⁩ ago

  The AI bubble is getting ready to burst.

  The desperation here lmao

  As part of its strategy, Oracle has begun requiring clients to help build infrastructure, per the CIO report, citing TD Cowen. This effectively translates to asking clients to shoulder part of the cost, according to the investment bank.

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  • GammaGames@beehaw.org ⁨2⁩ ⁨days⁩ ago

    It is also exploring an arrangement called “bring your own chip” (BYOC), where new customers will be required to supply their own hardware, shifting capital requirements off Oracle’s books.

    Does anyone else do this? I could see a smaller data center needing it, but hardware management is something I thought was a perk of going with a huge company

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    • p03locke@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

      I don’t understand why Oracle or the reporter tried to invent a new term for this. This is literally “colocation”, a term so ubiquitous that the industry typically shortens it to “colo”.

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    • Midnitte@beehaw.org ⁨2⁩ ⁨days⁩ ago

      I think they usually just refer to this as on premise management? Like, its your server but an outside company manages everything for you

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• belated_frog_pants@beehaw.org ⁨1⁩ ⁨day⁩ ago

  Oh the edge is getting nearer…

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