Oracle Nears Landmark $20 Billion AI Infrastructure Agreement with Meta

Oracle Corporation is reportedly finalizing a monumental cloud computing arrangement with Meta Platforms that could significantly elevate the company’s standing in the artificial intelligence sector. News of the potential multi-year contract, valued at approximately $20 billion, emerged after markets closed on Friday.

This agreement would rank among the largest AI infrastructure deals in Oracle’s corporate history, representing a transformative development for the enterprise software giant. The arrangement centers on providing Meta with access to Oracle Cloud Infrastructure (OCI), specifically targeting the high-demand Nvidia GPUs essential for training advanced artificial intelligence models.

For Meta, this partnership represents a crucial diversification of computing resources as the company pursues its ambitious AI development goals. Oracle, meanwhile, would substantially complete its... Read more...