According to Foresight News, Elon Musk's AI startup xAI, which has only been established for a year, is reportedly in talks with Oracle executives. The company plans to spend $1 billion over several years to rent cloud servers from Oracle. This deal would make xAI one of Oracle's largest customers.
In addition, xAI is in the process of completing a $6 billion equity financing round to help cover the costs of cloud computing. The Information cites insiders as the source of this information.