Oracle in Talks With Meta on $20 Billion AI Cloud Deal

Oracle, the tech giant, is in negotiations with Meta (Facebook's parent company) for a cloud computing deal worth approximately $20 billion. This potential agreement underscores Oracle's growing prominence as a major infrastructure provider in the industry. The deal would involve Meta utilizing Oracle's cloud services to support its artificial intelligence (AI) and machine learning initiatives. This collaboration would enable Meta to leverage Oracle's cloud infrastructure and expertise to power its AI-driven applications and services. The proposed $20 billion contract highlights the increasing demand for robust cloud computing solutions, particularly in the field of AI and machine learning. As tech companies continue to invest heavily in these emerging technologies, the need for reliable and scalable cloud infrastructure has become paramount. The potential partnership between Oracle and Meta is seen as a significant development in the cloud computing market, showcasing the continued evolution and competition among leading technology companies vying for a larger share of this lucrative industry.