Tuesday, 24 March, 2026
Oracle Negotiates $20 Billion AI Cloud Deal with Meta to Boost Computing Capacity
By Isha
Oracle is reportedly in talks with Meta for a multi-year cloud computing agreement valued at approximately $20 billion. This potential deal aims to provide Meta with enhanced computing capacity for training and deploying AI models, supplementing its existing cloud infrastructure. The discussions follow a similar $300 billion agreement between Oracle and OpenAI, highlighting the growing demand for robust AI computing resources.
Read full story at Economic Times