Musk's xAI negotiates Oracle cloud server rental: Reports

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Elon Musk News

Josh Lipton,Julie Hyman,Cloud Servers

Shares of Oracle (ORCL) are trading higher on Tuesday following a report hinting at a potential deal with Elon Musk's artificial intelligence venture...

Musk's AI startup, xAI, is reportedly engaged in talks with the tech giant to rent cloud servers over a period of years in a deal worth a staggering $10 billion.After the information reported that Elon Musk's a I start up Xa I has been in talks with Oracle about spending $10 billion to rent cloud servers.Larry Ellison used to be on the Tesla board, remember?

So I just want to highlight that for viewers, the other immediate question I had was whether Xa I really has $10 billion to spend. Um, I'm gonna listen to Ellison and Musk, our close friends, Reuters actually reminded me, and I have forgotten that Xa I did sign a contract back in September to train a I models in Oracle's cloud.Maybe well, And the other interesting note in this report, by the way, is that in the recent reports about, uh, XI I raising money, Oracle may have been part of that funding round, so they're funding the company, but they're also a customer of the company.

 

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