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Home technology oracle elon Musk's xAI Nears Groundbreaking $10 Billion Deal with Oracle for AI Server Rental

Elon Musk's xAI Nears Groundbreaking $10 Billion Deal with Oracle for AI Server Rental


 Elon Musk's xAI $10 Billion Deal with Oracle

Elon Musk's artificial intelligence venture, xAI, is on the brink of a historic agreement with tech giant Oracle

In a move poised to reshape the landscape of artificial intelligence (AI) development, Elon Musk's pioneering venture, xAI, is reportedly in advanced discussions with tech behemoth Oracle to secure a monumental deal worth $10 billion. According to insiders familiar with the negotiations, xAI is exploring the possibility of renting cloud servers from Oracle over several years, a move that could solidify its position as a formidable contender against industry heavyweights like OpenAI and Google.

The potential agreement, if finalized, would not only cement xAI as one of Oracle's largest clients but also underscore Musk's relentless pursuit of innovation in the AI domain. As talks unfold, both parties are navigating the intricacies of the deal, with its ultimate fruition still hanging in the balance.

Oracle's co-founder, Larry Ellison, a notable confidant of Musk, previously revealed that xAI had inked a contract to leverage Oracle's cutting-edge Gen2 Cloud for AI model training—an alliance emblematic of the synergistic potential between tech titans.

In a testament to xAI's voracious appetite for technological advancement, it has emerged as the largest H100 customer at Oracle, harnessing over 15,000 of the revolutionary AI chips manufactured by Nvidia. This strategic utilization of AI infrastructure underscores xAI's commitment to leveraging cutting-edge technologies to drive innovation forward.

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