Oracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.
“Double digit YoY or get out. Doesn’t matter how many people you have to fire or how hard to exploit the ones you keep. Double digit or GTFO.” -Shareholders
Imagine failing this hard at your job and keeping it.
And I know his job is to keep the stock price high… but 28 percent growth over the last five years in tech is still failing at your job.
“Double digit YoY or get out. Doesn’t matter how many people you have to fire or how hard to exploit the ones you keep. Double digit or GTFO.” -Shareholders
Besides the usual CEO shenanigans, they really want AI to succeed, to replace usually leftist intellectuals with a far-right AI.