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

Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.

^{Swastika Das Sharma (mint)}

#technology

in reply to chobeat

orca

in reply to chobeat • 3 weeks 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.

in reply to orca

Gamma

in reply to orca • 3 weeks 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

in reply to Gamma

Midnitte

in reply to Gamma • 3 weeks 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

in reply to Midnitte

Gamma

in reply to Midnitte • 3 weeks ago • •

Ah yeah I’ve heard of that

in reply to Gamma

Midnitte

in reply to Gamma • 3 weeks ago • •

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

in reply to Midnitte

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.

in reply to Gamma

P03 Locke

in reply to Gamma • 3 weeks 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".