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U.S. tech giant Oracle becomes Red Bull title sponsor
Red Bull has revealed U.S. tech giant Oracle is its new title sponsor, with the team to be officially named as Oracle Red Bull Racing in a reported $100m-a-year deal. The Austin-based company was already a partner prior to 2022, but now steps up to replace Honda following the Japanese manufacturer’s departure from Formula 1. Team principal Christian Horner says the expanded deal is a sign of Oracle’s importance to Red Bull, as the team says it was able to run 1,000 times as many simulations pre-race as a result of the partnership.
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