Oracle Co-founder and Elon Musk Invited NVIDIA CEO to Dinner and "Begged" for More GPUs

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September 17, 2024
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At a recent analyst meeting last week, billionaire Oracle co-founder and CTO Larry Ellison told the audience that he and Elon Musk had invited Nvidia CEO Jensen Huang for dinner in Palo Alto and "begged" him for more GPUs. Ellison recalled, "I would describe that dinner as, 'Elon and I begging Jensen for GPUs.' Take our money, by the way, I'm ready to pay for dinner. No, no, give us more. We need you to take more of our money." Ellison said the outcome was positive, "It all worked out. I mean, it worked." Oracle has invested heavily in GPU technology, especially for AI applications. The tech giant this month released its first-quarter results for fiscal year 2025, revealing revenue grew 7% year-over-year to $13.3 billion. Profit was $2.9 billion. Oracle also disclosed that it has 162 cloud data centers operating or under construction globally, with the largest being an 800-megawatt facility that will house "acres of Nvidia GPU clusters" for training large-scale AI models. In the first quarter, Oracle signed 42 new cloud GPU contracts worth a total of $3 billion. Similarly, Tesla relies on Nvidia GPUs to power its supercomputer for training neural networks for its autonomous driving and assisted driving technology. (Fortune)

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