Oracle Cuts 30K Jobs Despite $6B Profit to Fund AI Race | Apr 1, 2026

Oracle just laid off up to 30,000 employees despite posting a 95% jump in net income, all to fund AI infrastructure their profitable balance sheet apparently can't handle comfortably. We're also covering Amazon's massive 1,300-acre Oregon land grab for what could become a $12 billion data center campus, plus some wild developments in omnimodal AI, defense tech funding, and why someone just raised $170 million to put data centers in space. This is what happens when the AI infrastructure race gets so expensive that even hugely profitable companies start cutting tens of thousands of jobs to stay competitive.