OpenAI and Oracle Sign $300 Billion Cloud Computing Deal for Stargate Project
By
Elissa Welle
Lightly browned and well buttered. A solid pick from the rack.
Summary
OpenAI and Oracle have signed a massive $300 billion cloud computing deal over five years, starting in 2027, as part of the broader Stargate project. This represents one of the largest cloud computing deals ever, involving data centers with 4.5 gigawatts of power capacity. The partnership was previously announced with Softbank and President Trump, but the financial terms were only recently revealed.
Key quotes
· 5 pulledOpenAI and Oracle signed a deal "to purchase $300 billion in computing power over roughly five years"
one of the largest cloud computing deals ever
build data centers worth 4.5 gigawatts of power as part of the broader Stargate project
OpenAI's contract will begin in 2027
OpenAI, which reportedly expects $12.7 billion in revenue this year
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