Musk's xAI Nears $10 Billion Deal to Rent Oracle's AI Servers
Portfolio Pulse from Benzinga Newsdesk
Elon Musk's artificial intelligence company, xAI, is reportedly close to finalizing a deal worth approximately $10 billion to lease AI servers from Oracle. This significant agreement underscores the growing demand for AI infrastructure and Oracle's position as a key player in providing these technologies.
May 14, 2024 | 4:02 pm
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Oracle's potential $10 billion deal with xAI for AI server rental could significantly boost its revenue and reinforce its position in the AI infrastructure market.
A deal of this magnitude not only brings substantial revenue to Oracle but also enhances its reputation as a leading provider of AI infrastructure, potentially attracting more clients in the rapidly growing AI sector.
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