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A comment on Oracle may slash up to 30k jobs to fund AI data-centers as US banks retreat. Parent comment

Re:Oracle may slash up to 30k jobs to fund AI data-centers a... by bdangubic on Monday March 09, 2026 @07:34PM (#47317262)
OpenAI (which is not a publicly traded company) will cause a market crash if they do not IPO or have lackluster IPO?
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Re:Oracle may slash up to 30k jobs to fund AI data-centers a... by SpicyLemonZest on Monday March 09, 2026 @08:59PM (#47317898)
Only in the same sense that Lehman collapsing caused the 2008 crash. Nothing is monocausal, and crashes rarely happen all at once, but I expect it to be a big “uh oh” moment for investors.
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Re:Oracle may slash up to 30k jobs to fund AI data-centers a... by bdangubic on Tuesday March 10, 2026 @04:30PM (#47328431)
Lehman was a huge part of US economy at the time it collapsed, OpenAI is a private company...
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Re:Oracle may slash up to 30k jobs to fund AI data-centers a... by SpicyLemonZest on Tuesday March 10, 2026 @07:08PM (#47329910)
Lehman’s market cap was an order of magnitude smaller than the current OpenAI valuation, I think even in inflation-adjusted terms. The intuition that a private company is small and can’t pose systemic risks just isn’t true anymore.
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