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Excerpt from accelerationeconomy.com
While a news report last week speculating about Oracle landing a $10-billion cloud deal with Elon Musk’s xAI triggered great shock and wonder within the media, it turns out that Oracle chairman Larry Ellison offered a big, fat, and very public hint about this whole possibility two months ago.
Among the widespread media coverage last week, Investors Business Daily’s headline proclaimed, “Oracle Stock Jumps On Report of $10B Cloud Deal With Musk’s AI Startup.” The accompanying article said in part, “Elon Musk’s artificial intelligence startup xAI is in talks with Oracle on a multiyear, $10 billion cloud-computing deal…. Musk’s xAI startup would become one of Oracle’s largest customers, according to the report.”
Okay, fair enough — AI is the hottest business topic in the world today, and the cloud is the engine that’s powering the AI Revolution, and Oracle’s unique approach to cloud data centers has made the company a highly disruptive and fast-growing player in the Cloud Wars.
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