Oracle Fired 21,000 People and Put 'AI Did It' in an SEC Filing | AI News

Oracle's annual report reveals twenty-one thousand jobs cut in fiscal 2026 — and for the first time, a major tech company wrote in an SEC filing that AI directly caused the layoffs. Then it borrowed forty billion to build more. Meanwhile, Chinese lab Z.ai released GLM-5.2 under MIT license — an open-source model that nearly matches the one America just restricted. And the Five Eyes intelligence alliance warned that AI-powered cyberattacks are months, not years, away.