Overview

• People familiar with the matter say Oracle is negotiating a multiyear deal of about $20 billion to provide computing power for Meta’s AI training and deployment.
• The reported commitment and terms could change before any agreement, and neither Meta nor Oracle has confirmed the talks.
• The capacity would supplement Meta’s existing cloud providers rather than replace them.
• The potential pact follows reports of other massive Oracle AI arrangements, including a roughly $300 billion, five-year OpenAI purchase of up to 4.5 gigawatts of capacity.
• Oracle’s run of mega deals has boosted bookings and underscored its competition with Amazon Web Services, Microsoft Azure and Google Cloud, while raising questions about customer concentration.