Oracle Said to Spend Billions on Nvidia Chips This Year to Expand Cloud Computing Service

Oracle is spending "billions" of dollars on chips from Nvidia as it expands a cloud computing service targeting a new wave of artificial intelligence (AI) companies, Oracle founder and Chairman Larry Ellison said on Wednesday. It is also spending on central processor units (CPUs) from Ampere Computing. Oracle's cloud division is working to gain ground against Amazon W...

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