this post was submitted on 07 Mar 2026
826 points (98.9% liked)

Technology

82414 readers
3102 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 2 years ago
MODERATORS
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] SocialMediaRefugee@lemmy.world 27 points 16 hours ago (2 children)

They fired people for AI, now they fire them without AI. Please tell me how they plan on sustaining an economy where only the 1% has discretionary income?

[–] andallthat@lemmy.world 3 points 6 hours ago

But Oracle was building those data centers for OpenAI. OpenAI is going to be used by the Pentagon. Bailing Oracle out is now a matter of National Security!! If this has to come off of the taxes paid by the people they just laid off, that's unfortunate but.... have I mentioned National Security?

[–] yabbadabaddon@lemmy.zip 17 points 14 hours ago (2 children)

They don't need an economy. They need obedient workers

[–] SocialMediaRefugee@lemmy.world 2 points 6 hours ago (1 children)
[–] yabbadabaddon@lemmy.zip 2 points 5 hours ago

First they need to destroy your income, then they can make you do whatever they want

[–] Randelung@lemmy.world 5 points 10 hours ago

Control instead of trust, a problem as old as time. Trust would lead to prosperity, control, if not absolute, will always eventually fail - and it's never absolute.