Oracle Stock Jumps On Report of $10 Billion Cloud Deal With Musk's AI Startup

Elon Musk's artificial intelligence startup xAI is in talks with Oracle (ORCL) on a multiyear, $10 billion cloud-computing deal, The Information reported Tuesday. Oracle stock jumped on the news.X Musk's xAI startup would become one of Oracle's largest customers, according to the report. The Information cited a person involved in the talks. The year-old xAI hopes to challenge OpenAI as a developer of large language models that power generative AI tools.On the stock market today, Oracle stock is up more than ...