#technology

All the major networks ran a scary story about Anthropic AI and its danger to humanity. Forget how worthless it is: it is dangerous.

Oracle is increasing its planned workforce reductions as it faces financial pressures from significant investments in artificial intelligence data centers. Concurrently, Chairman Larry Ellison has been granted a program to sell a substantial number of his shares. This comes as the company's stock has seen a decline since the program's adoption in June. The AI development costs are impacting Oracle's financial stability. These actions signal a period of adjustment for the technology giant.

Redwood City, California

https://www.bloomberg.com/news/articles/2026-09-11/oracle-boosts-layoffs-plan-by-700-million

We should not answer any Ai agents

we have managers, directors, vp’s that do not even know the purpose and what it does, a cpu, gpu, cuda, or even a workload

I use a particular program at work.We have been having a lot of issues with this program. We have tickets out , but no one seems concerned. I asked our AI at work, and it told me that the program I am using is ending by the end of this year. And then told our a I my location , my position and asked what new program they were going to be implementing. The a I told me I was not going to be offered a new program because my position was slated to be eliminated by the end of two thousand twenty six. It informed me that I would be laid off between september and october. I thought some of you might find that interesting and try it with your work AI.

BofA is going to be left in the dust with AI big time. Their technology team is locking workers out of AI tools so that only tech can create them. Why you say? 80% for their own job security, 10% control and 10% tools are new to them. It is a sad day when their own job security will cause a company this size to lose the AI battle. We were already behind and tech’s selfishness will ki-l them.

BofA Leadership - wake up to this fact before it is too late!!!!!!!!!!!

Jim

Instead of having an AI push to $150 we have a gravity pull to $107. How is the quantum switch going?

Someone needs to tell the executives we HAD a very deep technology bench when it came to heavy oil. HAD because we just fired everyone in Canada. We divested Chad. What are they smoking?

https://youtu.be/-7rICMUsXrc?is=Co2TVKTnOQRuoFQb

Just short of 6 minutes

For your amusement:

https://news.ycombinator.com/item?id=49563851

Verizon and Corning to deploy 80 million miles of fiber for broadband and AI

The Wall Street Journal by Connor Hart, September 8, 2026

Verizon and Corning reached a multibillion-dollar agreement to deploy more than 80 million miles of high-density optical fiber across the nation over the coming five years to help meet surging demand for consumer broadband and converged services.

By expanding this critical interconnectivity, Verizon said it is cementing its position as a premier infrastructure partner for the world’s leading AI hyperscalers. “Securing this volume of fiber allows us to continue building the network of the future at an unprecedented scale,” said Kyle Malady, CEO of Verizon Business.

Also reported by Barron’s, CNBC and Reuters

If you were a CIO, would you bet your career and reputation on recommending Teradata to the CEO?

The flashing lights are blinking red,
The servers groan and cry.
The "Think" signs hanging on the wall
Are watching tech hopes die.

An email lands at three AM,
"Restructuring is here!"
Which means your budget got slashed down
And mainframe teams disappear.

The cloud is mixed with legacy,
The software’s glued with tape.
They bought Red Hat to save the day,
But there is no escape.

The consultants pitch a massive plan,
With slides of pure design,
While engineers are pulling hair
To keep the code online.

Oh Watson AI used to rule,
The champion of the screen,
But now it’s just a broken cog
Inside a sad machine.

So raise a glass to Big Blue skies,
Now overcast with gray.
The storm is blowing through the tech,
And blowing cash away.

Thoughts on what is happening in tech? Upcoming org changes, etc., any rumors of layoffs? Wondering the latest.

https://247wallst.com/investing/2026/07/23/ibm-is-the-worlds-worst-big-tech-company/

Was this a Fiserv conversion? Just saw that there’s an issue with customers not being able to access their money until Tuesday.

Fidelity is a very successful profitable, but I do not think it is a very well-managed company.

People see trillions of dollars in assets, huge revenues, a prominent brand, and decades of survival and assume that the people running it must be exceptionally capable or the business is well wrong. That conclusion is wrong.

Of course Fidelity has enormous structural advantages. It has scale, customer relationships, brand recognition, distribution, infrastructure, regulatory barriers, and the economics that come from operating at enormous scale. Those advantages create a substantial moat. But while a moat protects helps protect a business, it t does not prove that the people inside the business are intelligent, creative, or competent.

In fact, Fidelity has a serious problem with managerial mediocrity. This starts with the head, Abby, who if you've interacted with her you notice isnt the brightest.

Nevertheless Fidelity proves that a firm can make enormous amounts of money while still having weak decision-making, bureaucratic processes, mediocre technology management, and an excessive dependence on H1B1 labor.

Fidelity's senior leadership is surrounded by consultants who make this problem worse. Large companies are constantly sold fashionable management ideas wrapped in impressive language: “digital transformation,” “Agile transformation,” “AI-enabled operating models,” etc.

Consultants can take a straightforward problem, invent a complicated framework around it, give the framework a name, and convince executives that they have received sophisticated strategic insight.

That is not necessarily deception in the Executives start believing that because they are discussing sophisticated terminology, they are doing sophisticated management.

Fidelity's technology organization is where I find things especially troubling. Outsourcing software development is not inherently stupid. The problem is becoming dependent on contractors and third-party organizations for core technical capabilities. If the company does not maintain deep internal engineering expertise, its executives can end up depending on H1B1 to explain their own systems to them. That creates exactly the kind of agency and information problems that organizational theory warns about. You cannot effectively manage technology that you do not understand.

Returning to leadership: My assessment of Abigail Johnson is that she does not demonstrate the creative or strategic imagination I would expect from the leader of an institution of this size. I regard her leadership as fundamentally unremarkable. Calling her a “mo--n” is obviously an opinion rather than a measurable fact, but it captures the level of intellectual confidence I have in the leadership.

Fidelity is what i would call a wealthy mediocrity: an organization with enormous resources that does not appear to use those resources with corresponding intelligence. That model can work for a very long time.

But that does not mean the model is sustainable forever.

In fact I think Fidelity is sc--wed.

(More on this later)

First Oracle is requiring everyone to use an Oracle provided laptop. This means no more BYOD computers of any kind. Furthermore Oracle is going to require everyone to signup with identity scanning AI company own by Palantir. Upload your passport and full face scan. The next big step will be required face scan checks every 15 minutes. This will be an automatic process that will require you to not cover your camera. You will not be notified of this. If your camera is covered you will be locked out. This is where Oracle security is going.

https://www.theregister.com/virtualization/2026/09/01/if-hardware-price-squeezes-make-you-sad-vmware-says-it-will-all-end-in-tiers/5293575

https://finance.yahoo.com/technology/ai/articles/oracle-cutting-3-000-india-122511543.html

Oracle always had a reputation of being ruthless in regards to job security. Is IBM now worse than Oracle? I know the technology companies are all ruthless including Microsoft, AWS, Google, Salesforce and Oracle. Better job security in general is to work for a customer. No guarantees anywhere of course. But everyone I talked to in the past said Oracle was among the worst. My kids in the past have asked me about working for IBM and I had to be honest about what they might be getting into.

Nothing like replacing an ordering system that worked fine - opus, and then replacing it with salesforce. But hey, it's ok, everyone is using salesforce now, as so should we. Watching the 17 screens of salesforce flash, redirect, load, bouncing ba--s - hang on were almost there - gives us all time to figure out what we are doing for lunch that day. Or hey, look at that butterfly on the window. You took a transaction that could be handled in just a few minutes and you destroyed the customer experience - all by using salesforce. After all, slowing down employees and hindering them is the object here. Houston we have a problem here - the sales reps are operating in an efficient manner - we have got to slow them down. Roger that, salesforce launching in full force - this will ki-l their numbers. But hey, everyone is using it and so should you, just gimme 9 more boosters while your at it.

This was quietly just reported from Indian news sources:

TIAA Global Capabilities, an Indian subsidiary and strategic global delivery centre for TIAA (Teachers Insurance and Annuity Association of America), has leased 255,713 square feet of office space in Pune.

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According to lease-related documents accessed via Propstack, a real estate data analytics firm, TIAA Global Capabilities has leased the space for 10 years at Panchshil Vantage in Wagholi, with the contractual rent over the 10-year term estimated at around ₹320 crore.
 
TIAA Global Capabilities has leased the space from P-one Infrastructure “to carry out its business”, according to the deal-related document.
 
The lease is at ₹92 per square foot per month, translating into an initial monthly rent of about ₹2.35 crore, with a 15 per cent escalation every three years and a security deposit of ₹14.11 crore.
 
TIAA Global Capabilities, the technology and shared-services arm of the New York-based financial services firm TIAA, will take the space in two tranches. It will occupy 187,996 square feet across floors 5-7 from December 2026 and 67,717 square feet on floor 8 from June 2027.

In response to the queries sent by Business Standard, TIAA Global Capabilities said that 2026 marks 10 years of TIAA Global Capabilities’ presence in India, and this expansion reflects the continued growth and strategic importance of our India operations. 
 
“As an artificial intelligence (AI)-powered GC, TIAA Global Capabilities has been scaling its footprint to support increasing demand across technology transformation, including artificial intelligence and emerging technologies, data and analytics, risk management, and client experience functions. This additional space in Pune will allow us to consolidate our teams and better support the range of capabilities we continue to build in the city, with scope for further growth as our operations evolve,” TIAA Global Capabilities noted. 
 
Established in 2016 as TIAA's Global Capability Centre (GCC) in India, TIAA GC supports the organisation's technology, operations, and business-facing functions. 
 
TIAA Global Capabilities already has offices in Mumbai and Pune, which house its 3,500 associates. The firm delivers high-quality global technology, operations and shared services to TIAA's businesses and associates.
 
Earlier, Pune recorded its highest half-yearly gross office space absorption volume in the last decade at 6.4 million square feet (msf) in the first half of calendar year 2026 (H1 2026), up 56 per cent year-on-year (YoY), according to property consultancy firm Savills India.
 
The city emerged as India's second-largest office market after Bengaluru. Leasing activity was primarily driven by IT-BPM, flexible workspaces, and engineering and manufacturing, with the latter replacing the banking, financial services and insurance (BFSI) sector among the top three demand drivers, Savills noted.

Genuine question: I joined within the last year and recently interacted with a DE, but honestly didn’t understand much of what they were saying. Do DEs typically write code and have a good understanding of the systems they work with?

I work with GCC tech in India. Bunch of rookies. Can’t get out of their way and work at snails pace. So WHY am I hearing about Sept tech layoffs in US?

Why do all internal websites now take ages to load?

https://x.com/RamMNK/status/2092642709416837126

https://www.youtube.com/watch?v=DX_oIQ-tA6M

IBM features prominently in Sabine's new video.

Sam's can be a very strange place at times. They added lidar to most of our forklifts but not all of them to help stop accidents. Just like life, accidents companywide still continue to happen. As a result, they bought several new forklifts that have lidar already installed to have all the lifts use lidar. Lidar is technology that is used to slow the lift down if the Lidar sees an obstacle or something that might be blocking the path of travel. The odd thing is that they never got rid of the old lifts that don't have lidar. If they are so unsafe, why aren't they gone.
The truth is that the lifts were never the problem. It was the person driving the lift and, or the people around the lift not paying attention to is going on. That's how most accidents happen. If you put the wrong person on a lift, it's just a matter of time no matter what tech it has.

https://seekingalpha.com/news/4636198-ibm-unveils-first-dual-architecture-mainframe-processor-with-arm-tech

Verizon cozies up to Google Cloud even more with Gemini integration.

https://www.fierce-network.com/wireless/verizon-cozies-google-cloud-even-more-gemini-integration

Old colleagues who have left have told me they're developing AI agents at their new company that can assess inspection reports and output recommendations that are spot on in minutes. A small team of engineers doing the work that took our BTC months, without all the errors.
Anyone else hearing similar things?

Marvell's stock pops 10% on AI chip deal that lets Google buy up to $12.2 billion in shares

• Marvell Technology stock popped on a deal for Google to buy up to $12.2 billion in shares.
• The deal is part of Google and Marvell's partnership on custom chips and includes products that "attach to the TPU ecosystem."
• Google has largely been working with Broadcom on custom chips

https://www.cnbc.com/2026/08/19/marvell-google-ai-chips.html

https://www.reuters.com/world/jpmorgan-hiring-bank-americas-david-fishman-head-technology-ma-memo-says-2026-08-21/

The University of New Orleans is officially rejoining the LSU system on July 1, 2026, after a 15-year period within the University of Louisiana System. This transition aims to provide financial stability and address declining enrollment and past budget issues. The university, originally founded as Louisiana State University in New Orleans, experienced significant enrollment drops after Hurricane Katrina. The move is expected to require substantial investment in technology and facilities. Despite past program cuts, the university is also planning to reinstate its marching band.

New Orleans, Louisiana

https://www.axios.com/local/new-orleans/2026/06/30/uno-lsuno-school-university-transition-lsu

“How much less are the salaries in US Bank’s Chennai India technology center vs US based roles?”

ChatGPT: Quite a bit less. The public Chennai salary data are still sparse and sometimes internally inconsistent, but a reasonable estimate is that U.S. Bank technology labor in Chennai costs roughly 70–85% less in direct salary than comparable U.S.-based technology labor.

For the Cloud program, we hired significantly from JPMorgan Chase and Amazon, largely because members of the leadership team came from those organizations. This contributed to substantial budget consumption.

Now, with the new AI budget, we appear to be seeing a similar pattern within Technology—hiring senior leaders from Discover Financial at GL17 and above, while simultaneously increasing pressure on existing U.S Bank employees