Oracle Corp(NYSE:ORCL) shares were trading higher following a report indicatingElon Musk's artificial intelligence startup, xAI, is nearing a $10 billion deal to rent Oracle's AI servers.
This potential deal, if finalized, would make xAI one of Oracle's largest customers, underscoring the significance of the contract for Oracle's cloud infrastructure business.
Oracle ChairmanLarry Ellisonhad previously mentioned their collaboration with xAI, highlighting the increasing demand for computing power from Musk's company. There are ongoing negotiations, though there is no guarantee that the deal will be signed, reported The Information.
xAI Deal – An Oracle...
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