OpenAI and Oracle Ink Historic $300 Billion Cloud Computing Deal

Amid yesterday's news of Oracle's soaring stock, which propelled founder Larry Ellison to the top of the world's richest list, the Wall Street Journal reported that the cloud giant and OpenAI have struck one of the largest cloud contracts ever signed. Under the deal, OpenAI will purchase $300 billion worth of compute power from Oracle over roughly five years, with purchases beginning in 2027.

"This move away from Microsoft was timed with OpenAI's involvement with the Stargate Project, in which OpenAI, SoftBank, and Oracle have committed to invest $500 billion into domestic data center projects over the next four years," notes TechCrunch.

OpenAI also recently signed a cloud deal with Google. "The deal ... underscores the fact that the two are willing to overlook heavy competition between them to meet the massive computing demands," wrote analyst in Reuter's report.

Well, that should kill off ...

[Big Bipper]

Well, that should kill off any chance of OpenAI ever becoming profitable ;-)

So it was insider trading?

[Mr. Dollar Ton]

Great news, inspires a lot of confidence in the new, less restrictive stock market governance approach in the trumpistan.

AI Lawyer

[DeBaas]

if OpenAI gets to train on Oracles internal documents, you'll get one hell of a lawyer

Re:

[Gideon Fubar]

Having had qualifications related to Oracle DBMS once upon a time, i'm pretty confident that feeding their training material to a GPT will almost certainly cause model collapse.

Sigh

[ledow]

Tell me when they have a single profitable product tier.

HUGE bubble here, I look forward to the investors demanding a return on their money.