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26 comments in c/news@lemmy.world view that post
[–] 36 points 8 months ago (1 child)

AI goes well: mass layoffs.
AI goes poorly: mass layoffs

Truly the best system

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  • [–] 49 points 8 months ago (9 children)
  • [–] 7 points 8 months ago (8 children)
  • [–] 31 points 8 months ago (3 children)
  • [–] 0 points 8 months ago (3 children)

    Yeah 20% of US GDP is in a.i. datacenters , this should be interesting.

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  • [–] 20 points 8 months ago

    Article is from Feb 2 FYI.

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  • [–] 10 points 8 months ago

    Oh fuck. This is going to really, really hurt.

    And for people that might be gloating about it: it's likely to hurt the very most for the people not in the upper 1% of 1%.

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  • [–] 6 points 8 months ago (6 children)
  • [–] 21 points 8 months ago (3 children)

    Don't feel bad for that Java, it was never a good Java... OpenJDK is the Good Java.

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  • [–] 2 points 8 months ago (2 children)

    Agreed, but they do contibute a lot to the community

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  • [–] 5 points 8 months ago

    Yeah, quite a bit of really good optimizations and stability were done by Sun, now Oracle. The GraalVM stuff is especially interesting...

    I'm no fan of Ellison or Oracle; I wish Sun was not acquired by Oracle. Ellison being Ellison, they really really tried to monetize Java the language/platform for some reason.

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  • [–] 5 points 8 months ago (2 children)

    No sympathy for people who work for oracle/blizzard/ea/etc.

    They deserve all the abuse they get.

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  • [–] 3 points 8 months ago* (1 child)

    People just want jobs man, lifes hard enough without restricting yourself to "ethical" corportions which dont exist.

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  • [–] 5 points 8 months ago (1 child)
  • 19 comments in c/usa@lemmy.ml view that post
    [–] 28 points 8 months ago (6 children)

    Have we finally stopped pretending the layoffs are being caused by AI replacing workers?

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  • [–] 4 points 8 months ago (3 children)

    If you had a customer service phone center job that was replaced with an AI chatbot, you certainly did lose your job to AI.

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  • [–] 4 points 8 months ago* (2 children)

    Not exactly. I'm sure there are specific cases where someone lost their job because AI does it better, but in most cases they lost their job because we're in a recession and the company needed to use chatbots to cut costs.

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  • [–] 25 points 8 months ago (1 child)
  • [–] 11 points 8 months ago (1 child)

    To the surprise of zero sane people 😮‍💨🤬

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  • [–] [S] 6 points 8 months ago

    I'm a bit surprised the bubble kept going as long as it did. It's absolutely wild how investors just kept throwing hundreds of billions at tech that didn't have any clear business model, no market fit, and wasn't making any substantial revenue.

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  • [–] 9 points 8 months ago (1 child)

    First sign of the bubble bursting?

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  • [–] 8 points 8 months ago (1 child)

    So oracle eats its seed corn to build even more fucking data centers rather than accept the risk evaluations of their lenders.

    Man, what god damn geniuses over there. I bet they can't wait to have their ghost writers felate them over this decision in their future "autobiographies" that will be for sale at the airport. Oh wait, silly me, there's no ghost writers anymore!

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  • [–] 7 points 8 months ago

    I was just at lunch with family members from around the country, and two of them said that big data centers had recently been turned down by their local politicians.

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  • [–] 6 points 8 months ago

    Oracle is refashioning as a bank

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  • [–] 6 points 8 months ago (1 child)

    Oh shit the first domino has fallen.

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  • 9 comments in c/technology@beehaw.org view that post
    [–] 27 points 8 months ago (7 children)

    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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  • [–] 8 points 8 months ago (6 children)

    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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  • [–] 4 points 8 months ago (3 children)

    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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  • [–] 1 point 8 months ago (2 children)
  • [–] 4 points 8 months ago (1 child)

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

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  • [–] 3 points 8 months ago

    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.

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  • [–] 3 points 8 months ago

    Oh the edge is getting nearer...

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  • 4 comments in c/technology@piefed.social view that post
    [–] 16 points 8 months ago

    For any wondering about yet another round of layoffs at Oracle, no, this is the same report from last month, not a new one.

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  • [–] 10 points 8 months ago

    The irony of the article including an option for an AI summary is hilarious.

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  • Normally, if a bubble bursts, you can here a soft "pop". Normally.

    when this one bursts? We're gonna start a world war because someone will think the "pop" was a fucking nuke detonation.

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  • [–] 3 points 8 months ago

    I love it. Laying off staff to fund data centers to run AI that people don't want so that other CEOs can lay off more staff.

    Why exactly aren't we chopping their heads off and use them as vases? I must have forgotten, I bet there's a good reason.

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  • 4 comments in c/technology@lemmy.ml view that post
    [–] 8 points 8 months ago

    Bla bla national security, bla bla too big to fail, bla bla government bail out, bla bla stock buy back

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  • [–] 4 points 8 months ago

    Wow not only do they plan to lay off tens of thousands, they want customers to help pay for data centers and bring their own hardware. Oracle is acting like they're poor.

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  • [–] 3 points 8 months ago

    Updated2 Feb 2026

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  • [–] 2 points 8 months ago

    guess the cloud free tier is about to get axed...

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  • 1 comment in c/usa@midwest.social view that post