Oracle’s stock took a hit after Elon Musk’s company, xAI, backed out of a potential cloud deal with the tech giant. The news sent shares of Oracle tumbling as investors reacted to the sudden change in plans. Oracle had been in talks with xAI to collaborate on cloud services, but Musk’s decision to walk away … 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
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 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
Elon Musk’s impatience has caused Oracle to lose a significant battle. Article Source https://www.theinformation.com/articles/oracle-loses-out-to-musks-impatience
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
Tech giant Oracle is facing a setback in its potential $10 billion server deal with Elon Musk’s artificial intelligence company xAI. The talks have reportedly ended, with Musk now focusing on purchasing chips to build his own data center. This news has caused Oracle shares to trade lower, as reported by The Information. In a … 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