Can space solve AI’s crisis? Oracle cuts 30,000 workers while half of Earth projects remain stuck
The post Can space solve AI’s crisis? Oracle cuts 30,000 workers while half of Earth projects remain stuck appeared on BitcoinEthereumNews.com.
Big tech companies are running into serious problems as they rush to build the massive computer facilities needed for artificial intelligence, with projects getting canceled, workers losing jobs, and some firms even proposing to move operations into space. OpenAI’s plan to build a major facility in Britain has ground to a halt months after the company made a big announcement. The ChatGPT maker said last September it would work with British firm Nscale to set up operations at Cobalt Park in Tyneside, with plans to install roughly 8,000 Nvidia computing chips by early 2026. The facility still hasn’t opened, and OpenAI won’t say when it might start running. The British project is part of Stargate, a $500 billion program that OpenAI boss Sam Altman revealed in January 2025 during a press event at the White House with Donald Trump. Altman said at the time that building facilities in Britain was part of a “shared vision that with the right infrastructure in place, AI can expand opportunity for people and businesses across the UK.” The company even brought on George Osborne, who used to run Britain’s treasury department, to handle international growth. But in the United States, discussions with investors like SoftBank have been moving slowly. OpenAI also scrapped plans to expand a Texas site it was developing with Oracle, according to Bloomberg. Oracle itself is facing a financial squeeze from its own push into AI infrastructure. The company shocked employees on March 31 by sending out termination emails at 6 a.m. The message told workers, “After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day.” Estimates of the job cuts range from 10,000 to 30,000 people. The…
Filed under: News - @ April 5, 2026 1:12 am