Oracle Just Crushed a $5M Deal Between Red Bull and an AI Rival – Report

Oracle has reportedly thrown a wrench into a sponsorship deal, blocking an agreement between f1 team Red Bull Racing and AI company Perplexity that was valued at $5 million annually.

This deal was set to position the latter as a pretty big player in the tech-driven landscape of Formula 1 sponsorships. However, with Oracle’s intervention, the agreement was stopped despite Red Bull and Perplexity having already agreed on the terms. This news comes from The Verge, who have reportedly seen…