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(纽约证券交易所代码:ORCL)股价周三小幅上涨。
《信息报》报道说,据报道,该公司即将与埃隆·马斯克的人工智能初创公司xAi敲定一份价值100亿美元的云服务合同。
两家公司之间的讨论仍在进行中,无法保证达成协议。
彭博社补充说,去年9月,甲骨文董事长拉里·埃里森透露,该公司已获得一份为xAi的人工智能模型培训提供云基础设施的合同,但隐瞒了合同价值和期限的细节。
彭博社报道,埃里森在12月的一次活动中谈到甲骨文与xAi的合作时说:“天哪,他们想要更多的计算能力吗”。“他们想要更多,我们正在为他们提供更多。”
彭博社上周报道说,这家人工智能初创公司正在完成60亿美元的融资,这将使该公司的估值达到约180亿美元。
但是,彭博社指出,据《信息报》报道,目前尚不清楚甲骨文是否参与了这一轮融资。
同时,在甲骨文将其总部从加利福尼亚迁至德克萨斯州三年后,埃里森最近透露了另一次搬迁的计划,这次是迁至纳什维尔。
彭博社的一份报告显示,文件显示,甲骨文在德克萨斯州的搬迁限制了员工,尽管总部搬迁,加州仍为更多的办公室工作人员提供住房。
该公司获得了该市和州的大量激励措施,以创造就业机会。
奥斯汀的领导人对埃里森的宣布表示惊讶,甲骨文在该市的未来存在的不确定性隐约可见。
尽管甲骨文对奥斯汀的意图仍未公开,但历史表明,尽管该公告引起了轰动,但纳什维尔的举动可能不会彻底改变其业务。
价格走势:周三最后一次检查时,ORCL股价上涨0.8%,至121.89美元。
免责声明:此内容部分是在人工智能工具的帮助下制作的,并由Benzinga的编辑审阅和发布。