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Amazon, Google, Microsoft, Meta and Oracle are reporting strong profits even as free cashflows decline amid a surge in AI-led capital expenditure. According to recent data, these firms are collectively expected to spend around $800 billion on data centres and computing infrastructure to support artificial intelligence growth.

Watch!
https://www.youtube.com/watch?v=oU9t0G59mE0

Oracle has begun a fresh round of layoffs in India, with employees across teams receiving termination notices as the technology major continues its cost-cutting drive. Employees have described sudden termination emails and immediate loss of access to company systems, with some saying they had no indication that their jobs were at risk.

Watch: https://www.youtube.com/watch?v=4qdjovpaAwY

Oracle Corporation has cut 546 jobs in its US cloud infrastructure unit even as it ramps up massive spending on AI and data centres. The layoffs come amid rapid cloud growth, with Oracle planning up to $95 billion in AI-driven infrastructure investment, highlighting a broader shift in how the company is restructuring its workforce.

Watch: https://www.youtube.com/watch?v=iFZhfPthx5E