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After over 20K layoffs, how Oracle's 'promise' to Sam Altman is hurting banks across US

Oracle faces a significant bank-debt challenge due to its massive data centre expansion for OpenAI, reportedly requiring $300 billion. Lenders struggle with exposure limits, impacting their ability to finance these projects. This comes as Oracle also plans substantial job cuts, h

First seen · 1:59 AM UTCMay 3, 2026

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After over 20K layoffs, how Oracle's 'promise' to Sam Altman is hurting banks across USOracle faces a significant bank-debt challenge due to its massive data centre expansion for OpenAI, reportedly requiring $300 billion. Lenders struggle with exposure limits, impacting their ability to finance these projects. This comes as Oracle also plans substantial job cuts, h
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