this post was submitted on 07 Mar 2026
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Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News (www.livemint.com)
submitted 1 day ago by Deceptichum@quokk.au to c/technology@lemmy.world
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Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.

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[โ€“] jj4211@lemmy.world 9 points 1 day ago (1 children)

This is the fascinating thing about this bubble. Usually people are suspecting a bubble/perceiving it, and are afraid of when it pops, but no one really wants it to pop, they just don't like the fragility it causes knowing it could pop any minute.

So many people actively want the AI bubble to pop. I can't recall a bubble so odious that everyone was rooting for it to hurry up and fail before.

[โ€“] jason@discuss.online 6 points 1 day ago

I think this one is just more obviously a bubble. If the pop is inevitable, then, the sooner the better. That, and the AI everywhere all at once is tangible and in your face. No one I know likes it.