Tech giant Oracle has reportedly begun a new round of layoffs. Artificial intelligence is driving this move, according to a story in Business Insider. The company is trying to reduce payroll costs as it takes on significant debt to finance its AI infrastructure buildout.
Further details on the layoffs are available from Business Insider, which cites a source familiar with the matter. The company's efforts to slash payroll costs are part of its larger strategy to invest in AI.
The exact scope and impact of the layoffs are not specified in initial reports, but more information can be found in the Business Insider story.
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The marine layer will re-develop and fill in overnight. Tomorrow morning will start off with a combination of fog and clouds with temperatures in the low to upper 50s....
