Elon Musk's AI startup xAI in talks with Oracle for $10B cloud server rental.

Elon Musk's AI startup, xAI, is reportedly in talks with Oracle to rent cloud servers for $10 billion over a period of years. The deal would make xAI one of Oracle's largest customers, as Musk looks to raise funds for xAI and challenge the AI offerings of OpenAI and Google. Oracle's stock price rose by as much as 5.3% following the news, highlighting the potential impact of such a deal.