Musk's xAI plans to spend nearly $10 billion to rent Oracle's cloud servers
According to a report from The Information citing sources, xAI, an artificial intelligence start-up founded by Elon Musk just a year ago, has been in talks with Oracle executives to rent cloud servers from the company for $1 billion over several years. This deal would make xAI one of Oracle's largest customers. Additionally, xAI is currently completing a round of equity financing worth $6 billion to help pay for the cost of cloud computing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Surpasses Amazon, Approaches Google’s Market Cap

Michael Saylor Backs New SEC Chair for Bitcoin Growth

SEC Drops Fraud Case Against HEX Founder Richard Heart

Cardano Surges 17%, Eyes Potential $5 Target

Trending news
MoreCrypto prices
More








