The High Cost of AI: Oracle Eyes $50B Fundraising and 30,000 Job Cuts.
Oracle stock fell 3% on Monday morning as the company revealed a massive, expensive plan to stay competitive in the Artificial Intelligence (AI) race. On Sunday, the data center giant announced it plans to raise between $45 billion and $50 billion in 2026. The goal is to build enough computer servers to serve major clients like OpenAI, Nvidia, and TikTok. … Read more