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Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News (www.livemint.com)

submitted 1 day ago by Deceptichum@quokk.au to c/technology@lemmy.world

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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.

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[–] humanspiral@lemmy.ca 7 points 1 day ago (1 children)

Specifically, they have had a popular expensive DBMS for last 30ish years.

[–] jj4211@lemmy.world 12 points 1 day ago

Which even they saw as a diminishing opportunity, so they bought Sun so they also have Solaris and Java and a bunch of other miscellaneous crap.

They get non trivial amounts of money by punishing anyone with a business relationship with them with audits and superfluous invoices.

Story time, a product at my company used to provide a Java webstart application from a web GUI. We did not use any oracle software including any of their Java editions so we paid it no mind (though I hated the applet demanding Java, but at least it wasn't active x).

Anyway several of our customers said we needed to purge it, because oracle detected JSPs served by our software, and their audit said that if JSPs were served but no Java runtimes detected, obviously the company must be "hiding" the JREs and invoiced the company for every employee to have their paid Java runtimes. Happened to multiple of our clients.

So that's what drive us to finally purge Java and embrace modern html capabilities, and a way that Oracle makes money and also any no one who knows anything wants to willingly end up with an Oracle business relationship.