Market Chatter: Oracle, Musk's xAI End Talks on Server Deal-July 2024-www.financetom.com

Market Chatter: Oracle, Musk's xAI End Talks on Server Deal

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Market Chatter: Oracle, Musk's xAI End Talks on Server Deal

Jul 9, 2024 10:39 AM

01:27 PM EDT, 07/09/2024 (MT Newswires) -- Oracle (ORCL) and Elon Musk's xAI have ended talks to expand an existing agreement under which xAI rents Nvidia ( NVDA ) AI chips from Oracle, the Information reported Tuesday.

Instead, xAI is buying chips to build its own data center, the news outlet reported, citing people involved in the talks.

Oracle did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 139.01, Change: -6.02, Percent Change: -4.15

Previous page： Middlemen have outsized influence on US drug prices, FTC says Next page： Boeing deliveries drop 27% in June year-on-year

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Middlemen have outsized influence on US drug prices, FTC says

Jul 9, 2024

WASHINGTON, July 9 (Reuters) - The consolidation of pharmacies and health insurance companies through years of deal making has led to a handful of pharmacy benefit managers exercising outsized influence over prescription drug prices, the U.S. Federal Trade Commission said on Tuesday. Pharmacy benefit managers, or PBMs, act as middlemen between drug companies and consumers. They negotiate volume discounts and...

Boeing deliveries drop 27% in June year-on-year

Jul 9, 2024

(Reuters) - Boeing ( BA ) said on Tuesday it delivered more commercial jets in June than in any other month this year, but the total of 44 planes represented a 27% drop on an annual basis amid a whirlwind of legal and production challenges. The company has pledged to expand production by the end of the year, after wrestling...

Nasuni Announces Investment Led by Vista Equity Partners; KKR, TCV to Participate

Jul 9, 2024

11:06 AM EDT, 07/09/2024 (MT Newswires) -- Nasuni on Tuesday announced a strategic growth investment led by Vista Equity Partners, valuing the enterprise data platform company at $1.2 billion. Vista will be joined by TCV and KKR & Co. ( KKR ) in the new investment, Nasuni said. KKR is making the investment through its Next Generation Technology III Fund....

G Mining Ventures Makes First Gold Pour at its Tocantinzinho Project in Brazil

Jul 9, 2024

11:06 AM EDT, 07/09/2024 (MT Newswires) -- G Mining Ventures ( GMINF ) on Tuesday said it completed its first gold pour at its Tocantinzinho Gold Project (TZ) in Brazil. The company said first pour yielded 440 ounces of gold, and the project remains on time and budget for commercial production in the second half of this year. I am...