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Oracle Cut 21,000 Jobs to Fund AI: Now Its Biggest Project Faces a $7 Billion Obstacle

International Business Times UK — July 24, 2026 at 01:14 PM UTC

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Oracle Cut 21,000 Jobs to Fund AI: Now Its Biggest Project Faces a $7 Billion Obstacle

Oracle's ambitious AI infrastructure expansion faces financial and regulatory hurdles, exacerbated by its recent credit downgrade to just above junk bond status.