In a recent report, Jefferies analyst Brent Thill maintained a Buy rating and a price target of $150 for Oracle (ORCL) following news from The Information that Elon Musk’s xAI and Oracle had ceased discussions regarding a potential $10 billion AI server deal. Despite this development, Thill confirmed that the deal was not included in … 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 xAI has decided to forego a $10 billion deal with Oracle to use their cloud servers for building its artificial intelligence training infrastructure. Instead, xAI is opting to purchase chips to create a data center on its own. Musk explained that the decision to train their next major system in-house using Nvidia’s H100 … Read more
:max_bytes(150000):strip_icc()/ORCLChart-f43fa795f5f245ad814e015e4f053230.gif?w=1500&resize=1500,596&ssl=1 "Monitor Oracle Stock Price Levels as Discussions with Elon Musk’s xAI Conclude")
Shares of Oracle (ORCL) dropped 3% on Tuesday following reports from Information saying that talks between the company and Elon Musk’s xAI regarding a $10 billion server deal had come to an end. Musk later confirmed on X that xAI had decided to build its own system for greater control over the project’s speed. Technical … Read more
Elon Musk’s company, xAI, has recently concluded negotiations with Oracle for a potential $10 billion server deal, according to a report from The Information. This agreement is an expansion of their current partnership, where xAI has been renting AI chips from Nvidia through Oracle’s cloud services. Musk’s xAI is working on building a new system … Read more
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
AI technology company, AI, has reportedly ended discussions with Oracle regarding a deal to enhance AI chips. The Wall Street Journal has reported that the negotiations between the two companies have come to a halt. AI’s decision to terminate the talks with Oracle could have significant implications for the future of both companies in the … 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
has recently surfaced that Elon Musk’s company xAI and tech giant Oracle have decided to call off negotiations regarding a potential server deal. The two companies had been in talks for quite some time, with rumors circulating about a partnership that would have seen xAI utilizing Oracle’s servers for their artificial intelligence projects. The decision … Read more
Citrix Systems Inc. recently agreed to a $5.9 million settlement in a wage lawsuit with sales representatives. However, a federal court has now ordered the company not to communicate with members of the sales representative class about the settlement. This decision comes after concerns were raised by the workers, who reached out to class counsel … Read more