Elon Musk’s artificial intelligence company xAI has reportedly ended negotiations with Oracle on a $10 billion server deal, as confirmed by The Information and Reuters. This decision by xAI has resulted in Oracle losing out on the opportunity to expand its AI chips and cloud services. The Wall Street Journal reports that Oracle’s shares dropped … Read more
Elon Musk’s artificial intelligence startup xAI and technology giant Oracle have recently concluded talks regarding a potential $10 billion server deal, as reported by The Information. The discussions involved an expansion of an existing agreement where xAI was leasing Nvidia’s AI chips from Oracle’s cloud services. Elon Musk mentioned on his social media platform X … Read more
Elon Musk’s technology startup xAI and Oracle have reportedly concluded talks on a potential $10 billion server deal, as per a report by The Information. The agreement aims to extend xAI’s existing lease of Nvidia’s AI chips from Oracle for a system utilizing Nvidia’s H100 graphics processing units. Musk has been active on his social … Read more
Elon Musk’s xAI is ending its server lease with Oracle’s cloud storage due to differences in technological specifications for a supercomputer. xAI had been using Nvidia H100 GPUs with Oracle AI, but Musk announced on Twitter that they are now building their own system for faster processing speed. While Oracle has reallocated the server capacity, … Read more
Elon Musk, a key player in the AI sector, has founded two AI development companies, namely OpenAI and the upcoming xAI. While Sam Altman has taken over OpenAI, xAI has emerged as its biggest competitor, utilizing tech giants Oracle and Nvidia’s AI-equipped H100 GPUs to train its AI chatbots. However, a deal between xAI and … Read more
Billionaire Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have decided not to move forward with a potential $10 billion server deal, as reported by The Information on July 9. The negotiations between the two companies have ceased. Article Source https://www.marketscreener.com/quote/stock/ORACLE-CORPORATION-13620698/news/Oracle-and-Musk-s-xAI-s-10-bln-server-deal-talks-lapse-the-Information-reports-47346158/
Oracle and Elon Musk’s artificial intelligence company xAI have been in negotiations for a $10 billion server deal, according to a report by The Information. The deal ultimately fell through, as reported by Money Control. The negotiations between Oracle and xAI were likely part of Musk’s plans to expand his AI capabilities and infrastructure. Musk … Read more
Tech giant Oracle and Elon Musk’s artificial intelligence startup xAI have ended talks on a potential $10 billion cloud IT agreement. Oracle’s shares fell 3% to close at $140.68 on Tuesday following the news. The discussions, which began in May, were focused on a multi-year deal for Oracle to provide cloud servers to xAI for … Read more
Elon Musk’s artificial intelligence company, xAI, and tech giant Oracle have reportedly decided to end a $10 billion server deal. This news comes as a surprise to many in the tech industry, as the partnership between the two companies was highly anticipated. The deal was expected to bring together Oracle’s expertise in servers and xAI’s … Read more
Elon Musk’s artificial intelligence company xAI and tech giant Oracle have reportedly completed negotiations on a $10 billion deal for server technology, as first reported by The Information. The agreement between the two companies marks a significant milestone in the advancement of AI technology and signals a major investment in server infrastructure. The deal between … Read more