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Oracle Axing Huge Number of Jobs as AI Crisis Intensifies

March 18, 2016 | Futurism AI
Oracle Axing Huge Number of Jobs as AI Crisis Intensifies
Andrew Harnik/Getty Images AI companies are spending vast sums of money on data centers — infrastructure expenditures that come with some hair-raising price tags. As Bloomberg reported last week, Larry Ellison’s Oracle may have spread itself a little too thin. The company is planning to cut thousands of jobs due to a “cash crunch” resulting from a massive AI data center expansion effort. Inside sources told the outlet that at least some of the cut jobs wil