Oracle's AI Bet: 30K Layoffs, $50B Spend
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oracles massive AI infrastructure push leads to 30,000 layoffs, with a $50 billion capital spending plan. The tech giants free cash flow could plummet by $30 billion, following a pattern of job cuts across the industry. Investors bet on AI pivots success amidst growing unemployment concerns.
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