Oracle eyes $20 billion AI cloud computing deal with Meta

Oracle is in talks with Meta for a multi-year cloud computing deal worth about $20 billion, underscoring the social media giant’s drive to secure faster access to computing power, a person familiar with the matter told Reuters on Friday.

Oracle would provide Meta with computing capacity for training and deploying AI models, in addition to Meta’s existing cloud computing providers, the person said.

Both Meta and Oracle did not immediately respond to Reuters’ requests for comment.