Oracle May Cut 30k Jobs and Sell Cerner to Fund $156B OpenAI Deal
What You Should Know The Report: Investment bank TD Cowen claims Oracle is evaluating “multiple paths” to finance its massive AI datacenter build-out, including cutting 20,000 to 30,000 jobs and potentially selling its health tech unit, Cerner, the Register reports. The Cause: The financial pressure stems from Oracle’s $300B contract with OpenAI, which requires an … Continue reading Oracle May Cut 30k Jobs and Sell Cerner to Fund $156B OpenAI Deal