Oracle Corporation (NYSE:ORCL) shares are trading slightly higher on Wednesday.
The Information reported that the company is reportedly on the verge of finalizing a $10 billion contract with Elon Musk‘s AI startup, xAI, for cloud services.
The discussions are ongoing between the companies, with no assurance of reaching an agreement.
In September of last year, Oracle Chairman Larry Ellison revealed that the company had secured a contract to furnish cloud infrastructure for xAI’s AI model training, withholding details on the contract’s value and duration, Bloomberg added.
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