Oracle makes public clarification on deal that analysts say will be behind layoffs of up to 30,000 of the company’s employees: We remain high… – The Times of India

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Oracle makes public clarification on deal that analysts say will be behind layoffs of up to 30,000 of the company’s employees: We remain high… – The Times of India

By TOI Tech Desk
Publication Date: 2026-02-03 07:37:00

Oracle is defending its extensive AI partnership with OpenAI amid reports of possible job cuts to fund infrastructure. Despite a stalled Nvidia deal, Oracle remains confident in OpenAI’s funding opportunities. However, the company’s massive debt and declining market capitalization are raising concerns among investors about its ambitious AI spending plans.

Oracle has publicly defended its partnership with OpenAI after reports emerged that the company could cut up to 30,000 jobs to fund AI infrastructure spending. The software giant said the stalled Nvidia-OpenAI investment deal has “no impact” on its financial relationship with Sam Altman’s company, adding that it remains “very confident in OpenAI’s ability to raise funds and meet its obligations.”““The NVIDIA-OpenAI deal has no impact on our financial relationship with OpenAI. We remain highly confident in OpenAI’s ability to raise funds and meet its obligations,” Oracle posted via its official account on X.The clarification came after a…

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