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
Invest $100 in These 3 Low-Cap Tokens Now to Turn It Into $1 Million by 2026
Top 3 Crypto Price Prediction: DOGS Token, NEIRO, Rexas Finance (RXS)
This Altcoin Surpassed Ethereum (ETH) in Trading Volume, Tripled!
Tron (TRX) network USDT trading volume has tripled that of Ethereum (ETH)-based USDT trading volume.
Former SEC Lawyer Reveals: "SEC Prepares to Appeal XRP Decision!"
The former SEC attorney said the SEC will likely appeal Judge Analisa Torres' decision in July 2023.