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$BTC $ETH
Oracle considers laying off approximately 30,000 employees
Reports indicate that Oracle is considering layoffs of between 20,000 to 30,000 employees, and may sell its 「Cerner」 healthcare technology unit to raise the liquidity needed to meet obligations related to a large contract with OpenAI.
The contract with OpenAI requires massive capital expenditure on infrastructure and chips, leading to investor concerns, increased credit risk indicators for Oracle, and American banks pulling back on financing data center projects associated with it. The company has also started requesting large upfront payments from clients to improve cash flow.
Selling 「Cerner」 represents a radical shift from this approach and could have direct impacts on hospitals and employees relying on its systems.
Opinion...
Risks are rising in the circular economy
OpenAI - Oracle - NVIDIA - OpenAI
If one falls, all fall
$BTC #GateLiveMiningProgramPublicBeta