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Oracle has reportedly initiated a massive global layoff affecting between 20,000 and 30,000 employees roughly 18% of its total workforce. The cuts are widely attributed to a strategic shift where the company is redirecting billions of dollars toward artificial intelligence (AI) infrastructure and data center expansion. 🎥 Katile!

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Microsoft is laying off around 4,800 employees, about 2% of its global workforce. The cuts are hitting sales teams and Xbox especially hard, with roughly 1,600 jobs affected in the gaming division alone. Microsoft says the layoffs are not because AI is replacing those roles, but acknowledges AI is changing how work gets done as the company continues pouring billions into AI infrastructure. Source: Business Insider YT / Writer: Lynn
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Microsoft is laying off around 4,800 employees, about 2% of its global workforce. The cuts are hitting sales teams and Xbox especially hard, with roughly 1,600 jobs affected in the gaming division alone. Microsoft says the layoffs are not because AI is replacing those roles, but acknowledges AI is changing how work gets done as the company continues pouring billions into AI infrastructure. Source: Business Insider YT / Writer: Lynn

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Meta plans to lay off roughly 8,000 employees, or 10% of its workforce, in a move to slash costs as the technology company invests more in artificial intelligence. As CBS News' Kelly O'Grady reports, the company is also planning a hiring freeze.
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Meta plans to lay off roughly 8,000 employees, or 10% of its workforce, in a move to slash costs as the technology company invests more in artificial intelligence. As CBS News' Kelly O'Grady reports, the company is also planning a hiring freeze.

CBS News

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Snapchat is laying off over 1,000 employees and replacing their jobs with artificial intelligence “Snap's CEO says the company is looking to slash costs by half a billion dollars. The company says more than half of its code is currently produced by artificial intelligence” This represents about 16% of its full-time workforce AI customer service agents are already responding to over 1 million internal queries per month This cut to their workforce came after pressure from investor Irenic Capital Management
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Snapchat is laying off over 1,000 employees and replacing their jobs with artificial intelligence “Snap's CEO says the company is looking to slash costs by half a billion dollars. The company says more than half of its code is currently produced by artificial intelligence” This represents about 16% of its full-time workforce AI customer service agents are already responding to over 1 million internal queries per month This cut to their workforce came after pressure from investor Irenic Capital Management

Wall Street Apes

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Oracle has predicted that the AI data center boom will power its revenue above Wall Street estimates well into 2027, while artificial intelligence firm Anthropic is suing the US government. Here is a round up of the latest stories from the AI revolution
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Oracle has predicted that the AI data center boom will power its revenue above Wall Street estimates well into 2027, while artificial intelligence firm Anthropic is suing the US government. Here is a round up of the latest stories from the AI revolution

Reuters

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When government redefines “infrastructure” to include AI and data systems, the impacts are not abstract. Workers face displacement, and vulnerable Canadians risk being shut out as essential services move toward AI-enabled, digital-only models. Yet Parliament was never given the opportunity to debate or approve this $10-billion expansion of the Canada Infrastructure Bank’s mandate. Even the Minister of Infrastructure has acknowledged there is no bill authorizing this sweeping change. Redefining how billions in public dollars are allocated is not a technical adjustment. It is a fundamental policy shift, and Canadians deserve clarity, transparency, and full parliamentary accountability when changes of this magnitude are made.
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When government redefines “infrastructure” to include AI and data systems, the impacts are not abstract. Workers face displacement, and vulnerable Canadians risk being shut out as essential services move toward AI-enabled, digital-only models. Yet Parliament was never given the opportunity to debate or approve this $10-billion expansion of the Canada Infrastructure Bank’s mandate. Even the Minister of Infrastructure has acknowledged there is no bill authorizing this sweeping change. Redefining how billions in public dollars are allocated is not a technical adjustment. It is a fundamental policy shift, and Canadians deserve clarity, transparency, and full parliamentary accountability when changes of this magnitude are made.

Dr. Leslyn Lewis

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CEO of C.H. Robinson, a major global logistics and freight brokerage company says all their quoting agents are now 100% AI Artificial intelligence handle 100% of customer service quotes in an average of 31 seconds This is going to be catastrophic for the American workforce, AI is already replacing large portions of customer service work in big companies
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CEO of C.H. Robinson, a major global logistics and freight brokerage company says all their quoting agents are now 100% AI Artificial intelligence handle 100% of customer service quotes in an average of 31 seconds This is going to be catastrophic for the American workforce, AI is already replacing large portions of customer service work in big companies

Wall Street Apes

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"This is very bad for the AI bubble" with Ed Zitron. Ed Elson: "Meta is reportedly planning a cloud business to sell its excess AI capacity. The company has poured billions into its AI infrastructure, and until now, Meta has maintained that all of those investments and the resulting compute capacity would be used for internal purposes. But clearly now, something has changed."
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"This is very bad for the AI bubble" with Ed Zitron. Ed Elson: "Meta is reportedly planning a cloud business to sell its excess AI capacity. The company has poured billions into its AI infrastructure, and until now, Meta has maintained that all of those investments and the resulting compute capacity would be used for internal purposes. But clearly now, something has changed."

Prof G Markets

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Nvidia continues to dominate the AI industry with record earnings, explosive data center growth, and massive demand for compute. But the bigger story is what’s happening globally behind the scenes. China is aggressively competing with the United States on AI infrastructure, power generation, and data center expansion and they don’t want to rely on American chips to do it. This is no longer just about stocks it’s a global race for AI dominance.
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Nvidia continues to dominate the AI industry with record earnings, explosive data center growth, and massive demand for compute. But the bigger story is what’s happening globally behind the scenes. China is aggressively competing with the United States on AI infrastructure, power generation, and data center expansion and they don’t want to rely on American chips to do it. This is no longer just about stocks it’s a global race for AI dominance.

Kevin O'Leary aka Mr. Wonderful

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Novaex AI: Powering the Next Generation of Intelligent Investment Novaex AI is dedicated to building a new generation of intelligent investment infrastructure. Through artificial intelligence and quantitative technology it drives the evolution of investment methods towards automation datafication, and systematization. Build a future oriented intelligent investment infrastructure using artificial intelligence and quantitative models. #NovaexAI #IntelligentInvesting #AIInfrastructure #QuantitativeFinance #FutureOfInvesting
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Novaex AI: Powering the Next Generation of Intelligent Investment Novaex AI is dedicated to building a new generation of intelligent investment infrastructure. Through artificial intelligence and quantitative technology it drives the evolution of investment methods towards automation datafication, and systematization. Build a future oriented intelligent investment infrastructure using artificial intelligence and quantitative models. #NovaexAI #IntelligentInvesting #AIInfrastructure #QuantitativeFinance #FutureOfInvesting

Novaex_AI

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Today we got details of one of the biggest AI deals of the year: Stargate UAE, a mega data center project being built by G42 in Abu Dhabi in partnership with OpenAI, NVIDIA, Oracle, SoftBank, and Cisco. It marks the first and largest Stargate facility outside the U.S.—and a bold step in creating global AI infrastructure.
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Today we got details of one of the biggest AI deals of the year: Stargate UAE, a mega data center project being built by G42 in Abu Dhabi in partnership with OpenAI, NVIDIA, Oracle, SoftBank, and Cisco. It marks the first and largest Stargate facility outside the U.S.—and a bold step in creating global AI infrastructure.

Becky Anderson

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I launched my High-Level Advisory Body on Artificial Intelligence. This is the starting point for a global conversation on the governance of AI, so that its benefits to all of humanity are maximized, and the risks contained & diminished.
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I launched my High-Level Advisory Body on Artificial Intelligence. This is the starting point for a global conversation on the governance of AI, so that its benefits to all of humanity are maximized, and the risks contained & diminished.

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🇮🇷The IRGC reportedly threatened to “completely annihilate” the $30 billion Stargate AI data center in Abu Dhabi. This massive US-UAE-Japan backed project is now squarely in Tehran’s crosshairs after recent Iranian strikes on Gulf data centers. The regime is openly threatening a shift to targeting tech infrastructure. This is a dangerous escalation. Source: Times of India Video: artificialintelligenceeee
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🇮🇷The IRGC reportedly threatened to “completely annihilate” the $30 billion Stargate AI data center in Abu Dhabi. This massive US-UAE-Japan backed project is now squarely in Tehran’s crosshairs after recent Iranian strikes on Gulf data centers. The regime is openly threatening a shift to targeting tech infrastructure. This is a dangerous escalation. Source: Times of India Video: artificialintelligenceeee

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CNBC: How GE Vernova builds the massive gas turbines powering the AI data center boom > GE Vernova’s $GEV order book is full until 2029, with orders going as far out as 2031. > Hyperscalers like Amazon, Google, Microsoft and Oracle are lining up to buy the company’s gas turbines to help power AI data centers. > Executives from nearly every major hyperscaler have walked the floor of the factory, according to a person familiar with the visits, who asked not to be named because the details are not public. > The turbines are massive, at 31 feet tall and weighing 280 tons. One turbine can power roughly half a million homes. > Microsoft just bought seven of them to power its data center in Texas. At 2.7 gigawatts, it’s enough electricity to power about 3 million homes. > "About 20% of our gas power order book is going to a data center, artificial intelligence-type of application." - Koziner, Chief Commercial and Operations Officer of GE Vernova. > One turbine can cost more than $250 million, according to industry estimates. The price has soared, up 300% in the last 3 years, according to analysts at Melius.
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CNBC: How GE Vernova builds the massive gas turbines powering the AI data center boom > GE Vernova’s $GEV order book is full until 2029, with orders going as far out as 2031. > Hyperscalers like Amazon, Google, Microsoft and Oracle are lining up to buy the company’s gas turbines to help power AI data centers. > Executives from nearly every major hyperscaler have walked the floor of the factory, according to a person familiar with the visits, who asked not to be named because the details are not public. > The turbines are massive, at 31 feet tall and weighing 280 tons. One turbine can power roughly half a million homes. > Microsoft just bought seven of them to power its data center in Texas. At 2.7 gigawatts, it’s enough electricity to power about 3 million homes. > "About 20% of our gas power order book is going to a data center, artificial intelligence-type of application." - Koziner, Chief Commercial and Operations Officer of GE Vernova. > One turbine can cost more than $250 million, according to industry estimates. The price has soared, up 300% in the last 3 years, according to analysts at Melius.

P Equity Research 📰

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Meta Platforms Inc. has selected Pacific Investment Management Co. and Blue Owl Capital Inc. to lead a $29B financing for its data center expansion in rural Louisiana as the race for AI infrastructure heats up.
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Meta Platforms Inc. has selected Pacific Investment Management Co. and Blue Owl Capital Inc. to lead a $29B financing for its data center expansion in rural Louisiana as the race for AI infrastructure heats up.

Bloomberg

35,197 Aufrufe • vor 11 Monaten

Okay, this is actually insane Recent UnitedHealthcare lawsuit reveals that the company KNOWINGLY has been using faulty artificial intelligence to deny claims to increase profitability. The AI they’ve been using HAS A 90% INACCURACY RATE “The company knowingly used artificial intelligence. That that was faulty. That's where this comes out of. It comes out of litigation” “Separate litigation that they knowingly used faulty artificial intelligence to deny claims that were legitimate to increase profitability. That is a big deal. — This is very, very overt artificial intelligence tool with 90% inaccuracy” “It's a sinister thing.”
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Okay, this is actually insane Recent UnitedHealthcare lawsuit reveals that the company KNOWINGLY has been using faulty artificial intelligence to deny claims to increase profitability. The AI they’ve been using HAS A 90% INACCURACY RATE “The company knowingly used artificial intelligence. That that was faulty. That's where this comes out of. It comes out of litigation” “Separate litigation that they knowingly used faulty artificial intelligence to deny claims that were legitimate to increase profitability. That is a big deal. — This is very, very overt artificial intelligence tool with 90% inaccuracy” “It's a sinister thing.”

Wall Street Apes

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🚨🇺🇸 🇮🇷 THE STRATEGIC ALLIANCE: RUSSIA AND CHINA’S ROLE It is confirmed that Russia and China are providing critical early warning and intelligence data to Tehran, as detailed by Andrei Martyanov. While the Iranian navy's surface fleet is antiquated, the Islamic Revolutionary Guard Corps operates modern and effective sea drones. The closure of the Strait of Hormuz represents a massive tectonic shift in global energy security.
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🚨🇺🇸 🇮🇷 THE STRATEGIC ALLIANCE: RUSSIA AND CHINA’S ROLE It is confirmed that Russia and China are providing critical early warning and intelligence data to Tehran, as detailed by Andrei Martyanov. While the Iranian navy's surface fleet is antiquated, the Islamic Revolutionary Guard Corps operates modern and effective sea drones. The closure of the Strait of Hormuz represents a massive tectonic shift in global energy security.

Mario Nawfal

78,422 Aufrufe • vor 4 Monaten

The global race for AI is heating up Donald Trumps signs major executive orders on artificial intelligence. "Winning the Race: America’s AI Action Plan”: accelerating AI innovation, building AI infrastructure, and establishing the U.S. as a leader in AI “From this day forward, it’ll be a policy of the United States to do whatever it takes to lead the world in artificial intelligence,” Trump said at the event.
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The global race for AI is heating up Donald Trumps signs major executive orders on artificial intelligence. "Winning the Race: America’s AI Action Plan”: accelerating AI innovation, building AI infrastructure, and establishing the U.S. as a leader in AI “From this day forward, it’ll be a policy of the United States to do whatever it takes to lead the world in artificial intelligence,” Trump said at the event.

Chubby♨️

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🤖 .AGI Pre-Sale is LIVE Artificial General Intelligence is no longer science fiction. With billions in investment and labs racing toward human-level intelligence, AGI is set to transform medicine, software, education, and the global economy. Now, in collaboration with 0G Foundation, AGI has a home: .AGI domains. 🧵
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🤖 .AGI Pre-Sale is LIVE Artificial General Intelligence is no longer science fiction. With billions in investment and labs racing toward human-level intelligence, AGI is set to transform medicine, software, education, and the global economy. Now, in collaboration with 0G Foundation, AGI has a home: .AGI domains. 🧵

Unstoppable Domains

135,380 Aufrufe • vor 10 Monaten

🇦🇲 Armenia launches one of the world’s most advanced AI data centers Armenia has officially joined the ranks of countries with their own artificial intelligence infrastructure. #EleveightAI has announced the launch of the #SouthCaucasus’ first AI Factory in the town of Gagarin, powered by #NVIDIA Blackwell B300 chips — one of the world’s most advanced architectures for generative AI. The project is now valued at up to $120 million for the first phase, significantly above the previously reported $70 million. The facility is designed to scale up to 35 MW of computing capacity and is considered supercomputing-class infrastructure. According to the company, Armenia has the potential to become a new global hub for #AI computing — an alternative location to the United States and Western #Europe. Among the advantages cited are lower energy costs, the availability of technical talent, and the region’s growing international connectivity. Eleveight AI CEO Arman Aleksanyan stated that the goal of the project is to transform Armenia from a consumer of AI into a country where AI is developed, trained, and deployed. The company is also considering future expansion into #CentralAsia'n and European markets. Twenty percent of the center’s computing capacity will be provided free of charge to Armenian universities, research institutions, and non-profit organizations. The project is already being described as part of a broader strategy to turn #Armenia into a regional technology and AI hub. As part of that strategy, another AI data center — developed by FireBird — is expected to launch in #Hrazdan, with planned investments of $500 million in the first phase and $4 billion in the second. NVIDIA Blackwell B300 chips are considered among the most advanced AI processors in the world and are designed for generative AI, supercomputing, and high-performance computing workloads. Access to such technology is subject to #US export-control regulations and is granted under strict licensing and compliance requirements. #IT #technology #MiddleEast #EU
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🇦🇲 Armenia launches one of the world’s most advanced AI data centers Armenia has officially joined the ranks of countries with their own artificial intelligence infrastructure. #EleveightAI has announced the launch of the #SouthCaucasus’ first AI Factory in the town of Gagarin, powered by #NVIDIA Blackwell B300 chips — one of the world’s most advanced architectures for generative AI. The project is now valued at up to $120 million for the first phase, significantly above the previously reported $70 million. The facility is designed to scale up to 35 MW of computing capacity and is considered supercomputing-class infrastructure. According to the company, Armenia has the potential to become a new global hub for #AI computing — an alternative location to the United States and Western #Europe. Among the advantages cited are lower energy costs, the availability of technical talent, and the region’s growing international connectivity. Eleveight AI CEO Arman Aleksanyan stated that the goal of the project is to transform Armenia from a consumer of AI into a country where AI is developed, trained, and deployed. The company is also considering future expansion into #CentralAsia'n and European markets. Twenty percent of the center’s computing capacity will be provided free of charge to Armenian universities, research institutions, and non-profit organizations. The project is already being described as part of a broader strategy to turn #Armenia into a regional technology and AI hub. As part of that strategy, another AI data center — developed by FireBird — is expected to launch in #Hrazdan, with planned investments of $500 million in the first phase and $4 billion in the second. NVIDIA Blackwell B300 chips are considered among the most advanced AI processors in the world and are designed for generative AI, supercomputing, and high-performance computing workloads. Access to such technology is subject to #US export-control regulations and is granted under strict licensing and compliance requirements. #IT #technology #MiddleEast #EU

Arthur Maghakian

63,650 Aufrufe • vor 1 Monat