:Billionaire Elon Musk's artificial intelligence startup xAI and tech giant Oracle have ended talks on a potential $10 billion server deal, The Information reported on Tuesday.
FILE PHOTO: XAI logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: A screen displays the logo and trading information for Oracle Corporation on the floor of the New York Stock Exchange in New York City, U.S., March 30, 2023. REUTERS/Brendan McDermid/File Photo:Billionaire Elon Musk's artificial intelligence startup xAI and tech giant Oracle have ended talks on a potential $10 billion server deal, The Information reported on Tuesday.
The startup and Oracle have ended talks to expand an existing arrangement under which xAI rents Nvidia's AI chips from the cloud provider, the report said, citing several people involved in the talks.A multi-year agreement to rent Nvidia processors from Oracle for a planned supercomputer was underway, but talks were held back by issues such as Musk demands to build a supercomputer faster than Oracle deemed possible, The Information said.
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