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Is Oracle striking a deal with Meta?

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Oracle is in advanced talks with Meta for a multi-year, $20 billion cloud computing deal, which would make Oracle a key infrastructure provider for Meta's AI operations.

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Oracle shares spike on report of $20B AI computing deal with Meta

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  • Oracle shares rose 4% after reports of advanced talks with Meta on a $20 billion cloud deal. 5s
  • The potential agreement would make Oracle a key infrastructure provider for Meta's AI projects. 15s
  • The news follows OpenAI's $300 billion cloud commitment to Oracle, boosting its AI market status. 20s
  • Meta's stock rebounded as investors weighed the significance of the possible partnership. 30s
  • The AI computing sector continues to face a capacity crunch amid increased demand. 43s
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References

Oracle shares spike on report of $20B AI computing deal with Meta
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CNBC
3 hours ago
Oracle shares spike on report of $20B AI computing deal with Meta

Oracle is in advanced talks with Meta on a $20 billion multi-year cloud computing deal.

Oracle shares spike on report of $20B AI computing deal with Meta
Icon
CNBC
3 hours ago
Oracle shares spike on report of $20B AI computing deal with Meta

The agreement would make Oracle a critical infrastructure provider for Meta's AI training and deployment.

Oracle shares spike on report of $20B AI computing deal with Meta
Icon
CNBC
3 hours ago
Oracle shares spike on report of $20B AI computing deal with Meta

Investors are considering what could become another landmark partnership in the AI computing power sector.

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