… Oracle previously raised $18 billion in debt and has since outlined plans to raise far more, as it funds datacenter investments aimed at meeting surging demand from AI model builders and enterprise customers. …
… The layoffs were carried out via email, according to copies of the message viewed by Business Insider . The email told affected workers they would be terminated immediately and to provide a personal email for follow-up. …
PaaS + IaaS 'Uncle Larry’s biggest fan' cut by email in early morning Oracle layoff spree WARN filings in two states show 1,000+ layoffs, but wider cuts remain unconfirmed By his third failed attempt to log into Oracle’s VPN on Tuesday morning, a decades-long employee of the company started to get … …
… A document posted by FOSS advocacy site Techrights appears to be that memo and explains that Red Hat has devised a “location strategy” under which it has “identified key sites for prioritized hiring and strategic workforce investment.” Red Hat has decided India is a key site. …
… Copilot has yet to set the market alight despite Microsoft crowbarring the assistant into as many places as it can find at least until recently and Suleyman is now making what looks for all intents and purposes like a sideways move to focus on superintelligence and delivery of "world-class models f… …
… I don't have much optimism in the so-called replacement of software engineers by AI." Indeed, it appears that the tech industry's under-investment in people – its willingness to discard them – is being made worse by over-investment in AI. …
… Recently, Facebook CFO Susan Li talked with analysts at Morgan Stanley at the company’s Technology, Media & Telecom conference about the uncertain path for a return on Meta’s AI investments. …