Breaking AI & Tech News Analyzed

Oracle, a US technology company with a market value of $420bn, has begun cutting thousands of jobs as it seeks to reassure investors that its bet on AI infrastructure will pay off. The company, which has a workforce of 162,000, has reportedly let go of around 10,000 people so far.The job cuts, which were announced via email, affect various roles including senior engineers, architects, operations leaders, program managers, and technical specialists. Oracle's decision to reduce its workforce comes as it steps up spending on datacentres, key infrastructure for developing and operating AI systems, in an effort to better compete with cloud rivals such as Alphabet and Amazon.Oracle's plans include a $300bn datacentre deal with OpenAI, the developer of ChatGPT. However, investors have grown concerned about the billions of dollars of expenditure attached to its plans, which includes raising $50bn in new debt. In a March filing, Oracle said it expected total costs tied to its 2026 restructuring plan to reach up to $2.1bn, largely owing to redundancies and related expenses.The job cuts are part of a broader trend in the tech industry, with over 70 tech companies cutting around 40,480 jobs so far this year, according to the tech redundancy site Layoffs.fyi. This trend is driven by companies reallocating resources towards artificial intelligence, heightening fears of AI-driven disruptions among workers.

Two prominent US lawmakers, Senator Bernie Sanders and House Representative Alexandria Ocasio-Cortez, have introduced legislation to impose a moratorium on the construction of new AI data centres. The proposed pause aims to ensure that the rapidly advancing technology does not pose a threat to the 'future of humanity'. The lawmakers argue that current regulations are insufficient to address the potential risks associated with AI, including mass government surveillance and the proliferation of sexually explicit deepfakes.The legislation seeks to address concerns about the environmental impact of data centres, which consume huge amounts of water and electricity. It also aims to protect workers' livelihoods and civil liberties. Sanders emphasized that lawmakers are 'way behind' in understanding AI and that a moratorium is necessary to prevent a handful of billionaire Big Tech oligarchs from making decisions that could reshape the economy, democracy, and the future of humanity.Ocasio-Cortez stated that Congress has a moral obligation to stand with the American people and stop the expansion of data centres until a framework is in place to adequately address the existential harm AI poses to society. The proposed legislation comes amid a growing grassroots backlash against the rollout of data centres in communities across the US, with at least 36 data centres blocked or delayed between May 2024 and June 2025, disrupting $162bn in investment.However, the bill faces an uphill battle in the US Congress, where Republicans control both the House of Representatives and the Senate. Democratic Senator John Fetterman dismissed the proposed moratorium, calling it 'China First' and arguing that the US should build the emerging AI infrastructure while implementing appropriate guardrails.

Egil Johansen, the landlord of the Kenton pub in Hackney, east London, describes recent incidents involving children as "like the wild west." He has now banned children entirely after a three-year-old fell down a cellar hatch while parents sat elsewhere, a five-year-old crashed into staff carrying drinks, and six parents brought 10 hyperactive children after a birthday party while ignoring their behavior."In every case, the parents blame us when something goes wrong or get really angry when we ask them to control their children," says Johansen, who has run the pub for 17 years. "I'm legally obliged to keep children safe on my premises and if the parents let their children run riot, the only answer is to not allow them in at all."Johansen initially tried banning children only after 5pm, but this interim measure failed to address the underlying issues. Despite online criticism framing him as the "baddie," he expresses sadness about the situation: "I'm a publican; I'm a people-person. It gives me no joy to ban anyone, but it's just not safe: parents don't control their children and our other customers were beginning to go elsewhere. I had no choice."The Kenton's decision reflects a growing trend among UK pubs seeking to differentiate themselves from establishments that "resemble soft play centres without the ball pit." While some welcome this shift, others view it as unwelcoming to families, creating a culture war in the pub industry.Lee Jones, landlord of the Brewers Arms in West Malvern, Worcestershire, reversed a previous child ban: "We're dog-friendly, child-friendly, adult-friendly. We're just friendly – we don't distinguish. Pubs are for the community and I don't see bans in the spirit of what we're here for." Jones reports that when children become rowdy, staff can address the issue with parents, though this is rarely needed.Stephen Boyd, who runs the Alma in south London, took a different approach after attempting to attract young families. He found families with children consumed disproportionate time and resources with special requests for diluted drinks, heated beverages, and customized meals, while adult customers waited longer for their orders."You just need a couple screaming, banging on a table or running up and down, and it dictates the whole atmosphere of the pub," Boyd says. "Parents would take massive umbrage if staff asked them to stop their children doing something." After implementing a child ban, he describes the change as "a fucking revelation" with staff retention improving and takings doubling.Despite the positive results, Boyd faced significant backlash: "I got a lot of online hate. Mainly from people who had never been to the pub but felt I was doing something morally hateful."Tom Stainer, chief executive of the Campaign for Real Ale, acknowledges the debate is "very live" but emphasizes: "But you do have to look at the responsibility of the parents in these situations, not just at the pubs. They're the ones responsible for making sure that their children behave."Financial considerations also drive some decisions. Mandy Keefe, landlady of the Wheel Inn in Ashford, banned children partly for behavioral reasons but also financial ones: "If a third of my Sunday customers were children eating from a reduced-rate child's menu and not drinking any alcohol, that wouldn't be financially viable."Across the UK, pubs are making individual decisions based on their specific circumstances, but as Johansen's experience demonstrates, it only takes one serious incident to settle the question for good.

Amazon's cloud computing unit, Amazon Web Services (AWS), has confirmed that its region in Bahrain was disrupted due to drone activity. This incident marks the second time in a month that the company's operations have been affected by the war in the Middle East.An Amazon spokesperson confirmed the disruption, stating that the company is helping customers migrate to alternate AWS regions while it recovers from the incident. However, the company did not provide additional details on the extent of the damage or the expected duration of the disruption.The disruption comes after Iran's Islamic Revolutionary Guard Corps (IRGC) threatened to attack 'economic centres and banks' related to US and Israeli entities in the region. The IRGC-affiliated Tasnim news agency released a list of offices and infrastructure run by top US companies with Israeli links, including Google, Microsoft, and Oracle, which have branches in multiple Israeli cities and Gulf countries.AWS is critical for the operation of many well-known websites and government operations and is Amazon's main driver of profits. Earlier this month, AWS reported that facilities in Bahrain and the United Arab Emirates had lost power, and the company was working to transfer computing workloads to other regions.These attacks come after Iran claimed it is targeting US assets across the Gulf Arab states in retaliation for the joint attack on Iran by the US and Israel that began on February 28. Gulf states have accused Tehran of targeting civilian infrastructure, such as airports and energy facilities.

Revolut, the UK banking app, has reported a 57% increase in profits for 2025, but warned that its support for energy-intensive sectors such as crypto and AI could lead to a reputational risk. The fintech company, which can now launch as a fully fledged UK bank after a five-year wait for regulatory approval, offers crypto trading and has applied for a banking licence in the US.The company's annual report highlighted that cryptocurrency mining and AI datacentres demand large amounts of power, with competition for electricity supplies getting steeper since the US-Israel war on Iran sent energy prices soaring over the past month. Revolut's chief executive, Nik Storonsky, hailed another “landmark year” for the company, which has 68.3 million individual customers and 767,000 business customers.Revolut's growth has been rapid, with revenues climbing 46% to £4.5bn and a £1.7bn pre-tax profit for 2025. The company plans to offer a wider array of banking services in the future, such as lending and other products, and has launched mortgage refinancing in Lithuania. Despite the potential risks, Revolut believes its digital-first approach and emphasis on financial inclusion could lead to it being “relatively insulated and even benefit from an orderly energy transition, relative to traditional financial institutions”.