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Microsoft secured a $750 million, three-year cloud deal with AI startup Perplexity, expanding Azure usage to support AI workloads while Perplexity adopts a multi-cloud approach including AWS.
Oracle's cloud and AI infrastructure growth pressures major players—Amazon, Microsoft, Google—with significant market share expansion anticipated in the coming years.
Oracle stunned markets with massive AI-driven guidance: $455B backlog, four $1B+ deals (including META, NVDA, OpenAI), 1,529% multi-cloud growth and a 35% stock surge after earnings.