Oracle makes clarifications on the $300B promise to Sam Altman that's behind layoffs
•Oracle has staked its entire future on a $300 billion deal with a company that doesn't make money, funded by debt it can't service from operations, built by contractors it doesn't control.
•Its stock has lost half its value.
•Thousands of employees have lost their jobs.
هذا الخبر من Times of India. خبر يقدم أدوات ذكاء اصطناعي للتلخيص والترجمة والاستماع.
Oracle has staked its entire future on a $300 billion deal with a company that doesn't make money, funded by debt it can't service from operations, built by contractors it doesn't control. Its stock has lost half its value. Thousands of employees have lost their jobs. And its response has been to post on X. This is the story of how Oracle's biggest bet became its biggest liability—and why every reassurance is making it worse.المصدر: Times of India | Source: Times of India
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This article was originally published by Times of India. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
