Oracle Sent its stock The market soared yesterday after closing After reporting It signed billions of dollars in contracts with several clients. Now, we know who these customers might be.
According to the report, Oracle and Openai signed an agreement to purchase $300 billion in computing power. The Wall Street Journal Report. Openai will start purchasing this calculation in 2027.
If WSJ reports correctly, this will be one of the largest cloud contracts ever. Oracle declined to comment. Openai did not respond to requests for confirmation or comment.
Oracle is no stranger to working with Openai. Openai starts typing on Oracle for calculations In the summer of 2024. This AI giant is also away from exclusive use Microsoft Azure is its only cloud provider In January.
This time the move to leave Microsoft was scheduled, and he participated Stargate Project,OpenAI, Softbank and Oracle have pledged $500 billion in domestic data center projects over the next four years.
Openai obviously requires as much calculation as possible. The company reportedly signed a cloud agreement with Google According to Reutersdespite the fact that the two companies compete for the supremacy of AI, this spring.
