OpenAI to Buy $300 Billion in Oracle Compute Over Five Years
Reports say OpenAI will buy about $300 billion in compute from Oracle over roughly five years starting in 2027 — a deal that sent Oracle shares soaring and would rank among the largest cloud contracts ever. The move fits OpenAI’s multi-cloud strategy (including deals with Google) and links to a $500B ‘Stargate’ data-center initiative with Oracle and SoftBank.
Also mentioned in:
- The Verge — OpenAI, Oracle Strike $300B Cloud Computing Deal to Power Stargate Datacenters
- TechCrunch — Oracle and OpenAI Strike $300B Cloud Deal, Lifting Oracle Stock and Sparking Cost-Energy Concerns