Billionaire Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have ended talks on a potential billion server deal, according to a report from The Information. The startup had been leasing Nvidia’s artificial intelligence chips to the cloud provider under an existing agreement, but talks to expand that deal have now been terminated. Musk’s … Read more
David Ellison is known as the heir to the Oracle fortune, and he recently made headlines by closing a major deal that has put him in control of the highly anticipated “Top Gun” sequel. Ellison’s company, Skydance Media, has been making waves in the entertainment industry with its successful film and television projects. Ellison’s rise … Read more
The negotiations for a $10 billion server deal between Oracle and Musk’s xAI have reportedly failed, according to a report by The Information. The deal was intended to be a significant partnership between the two companies but was ultimately unsuccessful. This news comes as a surprise, given the potential impact such a deal could have … Read more
Oracle’s highly anticipated deal with xAI has fallen through, causing a drop in shares by nearly 3%. The agreement was to supply servers to the AI startup fronted by Elon Musk, but talks to expand services have ended. While the current deal involves Oracle leasing AI chips to xAI, new reports indicate that xAI will … Read more
The Gujarat government has entered into a partnership agreement with US technology company Intel Corporation for Artificial Intelligence training, with Chief Minister Bhupendra Patel in attendance. The aim of this collaboration is to position Gujarat as a center for innovation and investment in the digital economy, providing skills and tools to students, professionals, and digital … Read more
Elon Musk’s startup xAI and Oracle have decided to end discussions on a potential $10 billion server deal. The two companies were in talks to expand an existing agreement where xAI leased Nvidia artificial intelligence chips to Oracle. However, these negotiations have now come to a halt. Musk’s xAI is now working on a system … Read more
Investors are expressing concerns over Hashi Corporation’s planned sale to IBM as the price dropped by nearly 1%, with rumors circulating that the Federal Trade Commission may require more information before approving the deal. The FTC is looking into the potential impact of the acquisition on competition and innovation in cloud software and encryption tools, … Read more
The stock price of Hashi Corporation (NASDAQ:Health professional) dropped by almost 1% following concerns among investors regarding its planned sale to IBM (NYSE:IBM). There are worries that antitrust regulators may request more information regarding the deal, with rumours circulating that the Federal Trade Commission may issue a second application as a Friday deadline looms. These … Read more
Shares of Oracle (NYSE:ORCL) dropped on Tuesday following a report from The Information detailing failed attempts to extend a deal with Elon Musk’s xAI startup. The two companies were in discussions to expand a current arrangement where Oracle leases specialized Nvidia (NVDA) artificial intelligence chips to the startup. The proposed deal was worth as much … Read more
Billionaire Elon Musk’s artificial intelligence startup xAI ORCL has reached a $10 billion server deal with tech giant Oracle, according to a report by The Information. The deal marks the end of negotiations to expand an existing agreement in which xAI leased Nvidia’s AI chips through a cloud provider. Musk’s xAI is now purchasing chips … Read more