OpenAI Taps Oracle in $300B Project Stargate Cloud Deal

OpenAI has committed to a $300 billion cloud infrastructure deal with Oracle over five years, one of the largest AI computing arrangements on record, according to The Wall Street Journal.

In July, Oracleand OpenAI announced their plans to build 4.5 gigawatts of data centre capacity as part of the broader Project Stargate, which also includes SoftBank and former President Trump.

While the announcement did not detail OpenAI’s financial investment in the project, recent reports indicate that the $300 billion deal is set to begin in 2027 officially.

Alongside expected revenues of $12.7 billion, OpenAI is reportedly leading a $10 billion initiative with Broadcom to develop custom AI semiconductor technology.

Also Read - Oracle Shares Skyrocket as Software Giant Scores Massive AI Deals

Share this article Latest News Categories More News