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
Don’t Wait for Solana—These 5 Altcoins Are Primed to 10x Sooner
![](https://img.bgstatic.com/multiLang/image/social/5fa582b3a25306949b0507a4326fd6361738888392240.jpg)
Bitcoin Price Rebound Could Push BTC to $150,000 and RCOF to $2 from $0.1
![](https://img.bgstatic.com/multiLang/image/social/1b466cd073c29bfb07cc1741e67d1a571738888391150.jpg)
SOL falls below $190
Nillion: NIL token airdrop registration window has closed
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)