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Market
Effect of xAI deal on Oracle's cloud market share by end of 2025
5
Resolution / Starting Odds
Significant increase • 33%
Moderate increase • 33%
No significant change • 34%
Market analysis reports
Story
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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Significant increase in market share • 33%
Moderate increase in market share • 34%
No significant change in market share • 33%
Significant growth (>15% increase) • 33%
Moderate growth (5-15% increase) • 34%
No significant change (<5% increase or decrease) • 33%
Increase by more than 5% • 33%
Increase by less than 5% • 33%
No significant change or decrease • 33%
Less than $500 million • 25%
$500 million to $1 billion • 25%
$1 billion to $1.5 billion • 25%
More than $1.5 billion • 25%
Cloud Infrastructure • 33%
SaaS Applications • 33%
Database Software • 34%
Below 35% • 25%
35% to 40% • 25%
40% to 45% • 25%
Above 45% • 25%
