News
Oracle Will Build US Data Centres Supplying 4.5GW Compute for OpenAI’s Stargate Project
Announced by President Donald Trump in January 2025, Stargate is a $500 billion generative AI infrastructure venture in the US, led by OpenAI, Oracle, Japanese telecoms giant SoftBank, and MGX, an investment firm based in the United Arab Emirates. OpenAI intends to operate the data centres. Oracle will provide server infrastructure and leasing.
Oracle, OpenAI consider Michigan site for data center as Stargate deal expands
Stargate — OpenAI’s project with partners including Oracle and SoftBank Group Corp. to invest $500 billion in AI infrastructure — was first announced in January at the White House. So far, Oracle has developed a massive data center in Abilene, Texas, for OpenAI alongside development partner Crusoe.
OpenAI signs $30bn data centre deal with Oracle
Earlier this week, Oracle announced it had signed a single cloud computing contract worth $30bn in annual revenue beginning in 2028, without naming the customer. People close to the matter confirmed to the Financial Times that the customer was OpenAI as part of its expansion of Stargate.
On the back of positive remarks from the company's CEO and bolstered by an apparent deal with a major artificial intelligence ...
Oracle Corp. said it has signed a single cloud deal worth $30 billion in annual revenue — more than the current size of its ...
3don MSN
While there are questions about a contract that will ultimately add more than $30 billion in revenue annually, Bernstein ...
Analysts say the move signals a strategic pivot from generic cloud to AI-first infrastructure, reshaping CIO priorities.
Oracle Corp. today disclosed that it has won a cloud contract worth more than $30 billion annually. Shares of the company ...
After pushing the TikTok sale date back yet again, President Donald Trump said in an interview on Sunday that he had found a ...
Oracle stock jumped after the software giant disclosed that it had inked new multibillion-dollar cloud services agreements.
Oracle announced a new cloud agreement. Plus, a Stifel analyst is freshly optimistic about the revenue opportunities ahead of ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback