Reports say Oracle Corporation is planning to cut thousands of jobs as it deals with a cash squeeze linked to massive AI investments. Interestingly, Martha Gimble from the Yale Budget Lab says there’s still no clear data showing AI is actually replacing workers yet. Personally, I think what we’re seeing is more of a reallocation of capital — companies spending aggressively on AI infrastructure while cutting costs elsewhere. Long term AI will probably create new roles, but in the short term it may definitely mean more layoffs in tech. Curious what everyone here thinks. (Source: Bloomberg) submitted by /u/GlitteringMine7494
Originally posted by u/GlitteringMine7494 on r/ArtificialInteligence
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