Musk's xAI plans to spend nearly $10 billion to rent Oracle cloud servers

Odaily News According to The Information, citing people familiar with the matter, Elon Musk's one-year-old artificial intelligence startup xAI has been in talks with Oracle executives and plans to spend $10 billion to rent cloud servers from Oracle over the next few years. This deal will make xAI one of Oracle's largest customers. At the same time, xAI is completing a $6 billion round of equity financing to help pay for cloud computing costs.