OpenAI reportedly signs $300 billion cloud deal with Oracle
OPENAI and Oracle signed an agreement “to buy $ 300 billion in computing power over about five years”, one of the largest cloud computing offers ever Wall Street Journal.
In July, the two companies revealed their partnership to build data centers worth 4.5 Gigawatts of power within the framework of the broader Stargate project that they announced with SoftBank and President Trump, without explaining how OPENAI planned to pay for data centers. The Openai contract will start in 2027, according to the report.
While publishing quarterly results on Tuesday, the CEO of Oracle, Safra Catz, announced that three nameless companies had signed “four billions of dollars” in the first quarter, which is part of a trend which, according to her, increases the income of Oracle cloud infrastructure by 77% this year. Overall, the company said that in the first quarter, it added more than $ 317 billion in future contract revenues, a massive dollar amount which has sent the shares in the flountens and President Larry Ellison in the first place of the list of richest people in the world.
