Oracle Considers Cuts and Sales for AI

Oracle may need to downsize its workforce and sell strategic assets to finance its ambitious expansion in the field of artificial intelligence. An analyst at TD Cown suggests that up to 30,000 jobs could be cut and that the Cerner division, acquired in 2022, could be sold.

The decision is reportedly motivated by the need to finance the construction of data centers dedicated to AI, a substantial investment that is putting pressure on the company's finances. The artificial intelligence sector requires specialized and expensive infrastructure, and Oracle seems determined to raise capital to support the competition.

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