Oracle Cuts 30,000 Jobs to Fund $500 Billion Stargate AI Infrastructure Buildout
Posted on 18th Jul 2026 10:05:39 in Artificial Intelligence, Machine Learning
Tagged as: Oracle, AI infrastructure, Stargate, layoffs, data centers, OpenAI, SoftBank, tech workforce
Oracle is eliminating up to 30,000 positions to redirect capital toward the $500 billion Stargate AI infrastructure partnership with OpenAI and SoftBank, marking the largest workforce reduction in company history.
AI Data Centers Now Consume 70 Percent of Global Memory Chip Production
Posted on 11th Jul 2026 12:37:51 in Artificial Intelligence, Machine Learning, Development
Tagged as: data centers, memory chips, semiconductor shortage, AI infrastructure, HBM, DRAM
AI data centres are projected to consume 70 percent of global memory chip production in 2026 as hyperscaler capital expenditure approaches 750 billion dollars, triggering supply shortages across consumer electronics and industrial sectors.