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.
"Boy, did they want a lot more" computing power, Ellison said of Oracle's work with xAI during a December event, Bloomberg reported. "They wanted more and we are in the process of getting them more."
Bloomberg reported last week that the AI startup was finalizing a $6 billion funding round, which would value the company at approximately $18 billion.
However, it remains unclear if Oracle participated in this round, as reported by The Information, Bloomberg noted.
Meanwhile, three years after Oracle relocated its headquarters from California to Texas, Ellison recently revealed plans for yet another move, this time to Nashville.
Documents indicate that Oracle's Texas move saw limited employee relocation, with California still housing more office workers, despite the headquarters shift, according to a report from Bloomberg.
The company received substantial incentives from the city and state to create jobs.
Austin's leaders expressed surprise at Ellison's announcement, with uncertainties looming over Oracle's future presence in the city.
While Oracle's intentions for Austin remain undisclosed, history suggests a Nashville move may not drastically alter its operations, despite the buzz surrounding the announcement.
Price Action: ORCL shares are trading higher by 0.8% to $121.89 at last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
甲骨文公司(紐約證券交易所代碼:ORCL)股價週三小幅上漲。
《信息報》報道說,據報道,該公司即將與埃隆·馬斯克的人工智能初創公司xAi敲定一份價值100億美元的雲服務合同。
兩家公司之間的討論仍在進行中,無法保證達成協議。
彭博社補充說,去年9月,甲骨文董事長拉里·埃裏森透露,該公司已獲得一份爲xAi的人工智能模型培訓提供雲基礎設施的合同,但隱瞞了合同價值和期限的細節。
彭博社報道,埃裏森在12月的一次活動中談到甲骨文與xAi的合作時說:“天哪,他們想要更多的計算能力嗎”。“他們想要更多,我們正在爲他們提供更多。”
彭博社上週報道說,這家人工智能初創公司正在完成60億美元的融資,這將使該公司的估值達到約180億美元。
但是,彭博社指出,據《信息報》報道,目前尚不清楚甲骨文是否參與了這一輪融資。
同時,在甲骨文將其總部從加利福尼亞遷至德克薩斯州三年後,埃裏森最近透露了另一次搬遷的計劃,這次是遷至納什維爾。
彭博社的一份報告顯示,文件顯示,甲骨文在德克薩斯州的搬遷限制了員工,儘管總部搬遷,加州仍爲更多的辦公室工作人員提供住房。
該公司獲得了該市和州的大量激勵措施,以創造就業機會。
奧斯汀的領導人對埃裏森的宣佈表示驚訝,甲骨文在該市的未來存在的不確定性隱約可見。
儘管甲骨文對奧斯汀的意圖仍未公開,但歷史表明,儘管該公告引起了轟動,但納什維爾的舉動可能不會徹底改變其業務。
價格走勢:週三最後一次檢查時,ORCL股價上漲0.8%,至121.89美元。
免責聲明:此內容部分是在人工智能工具的幫助下製作的,並由Benzinga的編輯審閱和發佈。