ORACLE EYES $20 BILLION AI CLOUD COMPUTING DEAL WITH META, SOURCE SAYS

Summary from the TLDR AI newsletter

Oracle is in talks with Meta for a multi-year cloud computing deal worth about $20 billion that would see Oracle provide Meta with computing capacity for training and deploying AI models. Oracle unveiled four multi-billion-dollar contracts last week. It expects to sign up several additional multi-billion-dollar customers in the next few months. Booked revenue at its OCI business will exceed half a trillion dollars.