Oracle stock climbs on report of $10 billion deal talks with Elon Musk's xAI
) executives about a $10 billion deal to rent cloud servers, the Information reported on Tuesday, citing a source familiar with the situation.A potential deal would make xAI one of Oracle's largest customers as Musk seeks to raise funds to compete with AI giants OpenAI and Google H100 AI chips, utilizing over 15,000 of these chips. In April, Musk said that xAI would launch an enhanced version of its chatbot Grok to early testers and existing users on his social media platform X.
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