Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat
Sanchit Vir Gogia, chief analyst at Greyhound Research, sees the banking divergence as a critical warning sign. “The difference in sentiment between US and Asian banks isn’t just a minor detail; it’s the first serious sign of financial friction in Oracle’s hyperscale ambitions,” he said. The $300 billion OpenAI deal may look impressive, he added, … Read more