Oracle and Meta Discuss $20 Billion AI Cloud Computing Deal
Financial MarketsOracleUpdated 9 hours ago

Oracle and Meta Discuss $20 Billion AI Cloud Computing Deal

Oracle is in discussions with Meta for a substantial $20 billion AI cloud computing deal. This multiyear agreement aims to provide Meta with the computing power needed to enhance its AI capabilities. The partnership is expected to strengthen Oracle's position in the cloud market and accelerate advancements in AI technology, reflecting the increasing demand for robust cloud services in the tech industry.

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Oracle eyes $20 billion AI cloud computing deal with Meta, source says
PositiveFinancial Markets
Oracle is reportedly in discussions for a massive $20 billion AI cloud computing deal with Meta. This potential partnership could significantly enhance Oracle's position in the competitive cloud market and leverage Meta's extensive data capabilities. Such a collaboration would not only boost Oracle's revenue but also accelerate advancements in AI technology, making it a noteworthy development in the tech industry.
Oracle in Talks With Meta for Cloud Computing Deal
PositiveFinancial Markets
Oracle is currently in talks with Meta Platforms for a significant cloud computing deal valued at around $20 billion. This multiyear agreement would see Oracle supplying the necessary computing power for Meta to enhance its artificial intelligence capabilities. This partnership is noteworthy as it highlights the growing demand for robust cloud services in the tech industry, especially for companies focused on AI development.

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