Oracle Send your shares Growing after closing tomorrow After reporting It signed several multi-Arab-dollar contracts with many customers. Now, we have an idea of who can be customers.
Oracle signed a deal with Openai for AI company, which is to buy a calculation power of $ 300 billion during about five years. Reporting from Wall Street JournalOpenai will start purchasing this calculation in 2027.
If WSJ’s reporting is correct, it will be one of the largest cloud contracts ever. Openai and Oracle did not respond to the request of confirmation or comment.
There is no stranger to work with Oracle Openai. Openai started exploiting Oracle for compute In summer of 2024. AI Vishal also went away from using exclusively Microsoft Azure as its only cloud provider In January.
This step away from Microsoft was timed with Openai’s participation Stargate ProjectIn which Openai, SoftBank and Oracle have committed to invest $ 500 billion in domestic data center projects over the next four years.
Openai clearly requires as much calculation as it can be found. The company allegedly signed a cloud deal with Google, RecitablyThis spring despite the fact that both companies are running against each other for AI domination.
