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May 14, 2024, 8:20 PM
May 14, 2024, 4:11 PM
Yahoo! News

Elon Musk's xAI in Talks for $10 Billion Cloud Server Rental Deal with Oracle, According to The Information

Oracle American multinational computer technology corporation Elon Musk business magnate and investor Reuters international news agency Google American multinational technology company OpenAI American artificial intelligence research organization
Highlights
  • Elon Musk's xAI is close to a significant $10 billion deal with Oracle for renting AI servers.
  • The deal aims to make xAI one of Oracle's largest customers, as Musk seeks to compete with OpenAI and Google in the AI sector.
  • This deal could potentially reshape the landscape of AI technology and funding in the industry.

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