: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
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
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
Stocks experienced a decline on Friday following new economic data indicating a slowdown in inflation and positive consumer confidence figures. The S&P 500 and Nasdaq Composite achieved all-time highs during the week before retracting. The Federal Reserve’s personal consumption expenditures price index dropped to its lowest level since March 2021, aligning with economists’ expectations, reinforcing … Read more
The competition for the title of the largest company in the world is intensifying between tech giants like Nvidia, Apple, Microsoft, and Tesla. While Apple has held the crown for many years, Tesla, led by CEO Elon Musk, is making bold claims about its potential to surpass them all. Musk believes Tesla could be worth … Read more
Elon Musk has been pushing Tesla shareholders to vote on a large stock option package that was previously voided by a Delaware court. This comes after news that Musk diverted a shipment of Nvidia chips from Tesla to his X social media platform, leading several Tesla shareholders to criticize his decision. Some of these shareholders, … Read more
Elon Musk, the CEO of Tesla and SpaceX, has announced that his AI startup xAI will be working on building a supercomputer powered by NVIDIA semiconductor chips. This supercomputer will be used to run the next version of the Grok AI chatbot and will require 100,000 semiconductor chips for training and operation. Musk aims to … Read more
Elon Musk’s xAI company is teaming up with Oracle to build a supercomputer that will support the next version of its artificial intelligence big language model known as “Grok.” The project, which has been dubbed a “Computing Gigafactory,” aims to train and develop the next generation of the Grok AI system. Musk had previously sought … Read more
NVIDIA CEO Jensen Huang expressed gratitude towards Tesla, acknowledging their leadership in the autonomous driving space during a recent interview with Yahoo Finance. Huang praised Tesla for their advancements in autonomous vehicles, highlighting the importance of all cars eventually having autonomous capabilities. Tesla’s CEO Elon Musk has been driving the company’s efforts in producing autonomous … Read more