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flag Oracle cuts over 150 jobs in its cloud division amidst rising AI infrastructure costs.

flag Oracle is reducing its workforce in the cloud division due to rising costs associated with building AI infrastructure. flag The company cut over 150 jobs, mostly in Seattle, while still hiring in other areas like Nashville. flag This follows similar cost-cutting measures by tech giants like Microsoft, Amazon, and Meta. flag Despite the layoffs, Oracle's stock remains near record highs, bolstered by a recent major cloud deal with OpenAI, though the company faces significant expenses in expanding its data centers for AI.

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