Oracle is in the headlines today, as the company has signed a massive deal with AI giant OpenAI. According to the report from the Wall Street Journal, Oracle has secured a $300 billion cloud contract with OpenAI. It is said to be the biggest computing deal ever signed.
With this deal, OpenAI will buy $300 billion worth of computing resources from Oracle over five years, starting in 2027. The investment is part of OpenAI’s Project Stargate to build massive data centers capable of delivering 4.5 gigawatts of power, enough to supply millions of homes. These facilities will support next-generation AI models that require unprecedented computing power.
