
Latest Technology News
đź“…February 1, 2026 at 1:00 PM
AI advancements surge with new models and infrastructure deals amid Oracle's layoffs for OpenAI, Musk's expansions, Bitcoin dips, and data center growth challenges.
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Oracle Considers Laying Off Up to 30,000 Employees for OpenAI Partnership
Oracle faces potential cuts of 20,000-30,000 jobs to fund its $300 billion OpenAI deal, incurring $156 billion in capex for 3 million GPUs. Financing challenges have led to higher borrowing costs and stalled data center projects.