Oracle in Talks for $20B AI Cloud Deal with Meta

about 1 month ago

Bloomberg Cross Asset Reporter Isabel Lee

"Oracle is said to be in talks with Meta for a cloud computing deal worth around $20 billion. Under this multi-year deal, Oracle would be providing Meta with computing power for training and deploying AI models. This contract could add to a series of wins for Oracle's cloud computing business."

Oracle (ORCL) is capturing investor attention after reportedly entering advanced discussions with Meta over a potential $20 billion cloud computing deal focused on AI. The news comes on the back of Oracle's record-high bookings and adds further bullish momentum, reinforcing its strategic play in the cloud and AI space.

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