Red Bull has signed a huge $695 million sponsorship deal which will see its team name changed for the new F1 season.
The five-year deal, signed with Oracle, means the team will be known as Oracle Red Bull Racing.
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According to the reigning F1 champions, using the Oracle Cloud Infrastructure increased the number of strategy simulations run by 1000 time and improved accuracy by 10 times.
The agreement with the US tech giant is one of the most lucrative in global sport and Red Bull chief Christian Horner believes it comes at an ideal time because of the new season cost cap of $201 million for F1 teams.
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