Banks are backing out of funding AI data centers. They no longer believe the promise of future AI gains. But grifters are too deep to back out.

Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres
https://www.livemint.com/companies/news/oracle-layoffs-tech-giant-to-slash-30-000-jobs-as-banks-pull-out-from-financing-ai-data-centres-11769996619410.html

#oracle #ai #fuckai #stopai #aidatacenters #datacenters

Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres

Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.

mint

@smeg

First, #FuckAI

Secondly, fuck all "AI"