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VisitCompetitors announce similar deals within 6 months of xAI-Oracle deal?
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Corporate announcements or credible news sources
Elon Musk's xAI Nears $10 Billion Deal to Rent Oracle's Cloud Servers
May 14, 2024, 04:04 PM
Elon Musk's startup, xAI, is nearing a multiyear deal to spend $10 billion to rent Oracle's cloud servers, according to The Information. This significant investment aims to bolster xAI's capabilities as it competes with other AI companies like OpenAI. Oracle shares have responded positively to the news, reflecting investor confidence in the potential partnership.
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Google • 25%
Microsoft • 25%
Amazon • 25%
Meta • 25%
Significant increase in market share • 33%
Moderate increase in market share • 34%
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Google • 20%
Amazon • 20%
Facebook • 20%
Apple • 20%
Microsoft • 20%
Significant increase • 33%
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Moderate increase • 33%
Cost efficiency • 25%
Technological advantage • 25%
Strategic partnership • 25%
Market competition • 25%