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AI spending spree hits $600b as Oracle fires 21,000 employees to fund boom

by | Jul 23, 2026 | Business, JPost Biztech | 0 comments

Oracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy. | Read More in JPost.com – Business & Innovation | The Jerusalem Post