Oracle Secures Massive $30 Billion Cloud Deal with OpenAI for Project Stargate
9 Sources
[1]
Just one customer will double Oracle's cloud sales in 2028
Could it be an AI model builder? A Chinese e-tailer? Perhaps a TikTok mass migration Oracle has landed a mystery customer that will add more than $30 billion to the database giant's annual revenues, more than doubling the size of its current cloud business. "Oracle is off to a strong start in
[2]
Oracle shares hit record high on $30bn cloud deal
Oracle's shares soared to a record high, as the database giant announced a $30bn cloud deal worth nearly triple the annual revenue it generates from its fastest-growing division. The tech group, which is valued at about $620bn, said in a regulatory filing on Monday that it had signed a deal that
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OpenAI signs $30bn data centre deal with Oracle
OpenAI has agreed to lease around 4.5 gigawatts of computing power from Oracle in a deal worth around $30bn a year that is one of the largest cloud agreements of the artificial intelligence age to date. The deal marks a big expansion of OpenAI's "Stargate" data centre project, which it launched
[4]
At $30 billion per year, Oracle secures one of the largest cloud deals in history
Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust. What just happened? Oracle has secured a cloud computing contract with an undisclosed customer, expected to generate more than $30 billion in annual revenue starting in fiscal year 2028 - nearly
[5]
OpenAI is massively upping its Oracle cloud capacity to power Project Stargate - is this the mystery $30bn deal?
OpenAI's Project Stargate will see $500 billion invested across the US OpenAI has said it is set to lease an additional 4.5 gigawatts of data center power on top of its current portfolio from Oracle to fuel its upcoming Project Stargate - a major initiative to expand its AI data center
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Oracle signs a mystery huge cloud contract - one which could net it $30bn in revenue
Last year's total cloud revenue stood at $24.4 billion, so it's a big increase Oracle has signed a mystery cloud contract worth over $30 billion annually, which would effectively more than double the company's current cloud revenue. CEO Safra Catz explained that the company had gotten off to a
[7]
Oracle wins cloud contract expected to generate $30B+ in annual revenue - SiliconANGLE
Oracle wins cloud contract expected to generate $30B+ in annual revenue Oracle Corp. today disclosed that it has won a cloud contract worth more than $30 billion annually. Shares of the company jumped almost 9% on the news at one point. It ended the trading session up 4%. According to a
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OpenAI to Lease 4.5 GW Compute from Oracle for Stargate | AIM
This represents an unprecedented amount of energy that could supply power to millions of American homes. OpenAI is planning to lease a significant amount of computing power from Oracle's data centres as part of its Stargate project, underscoring the substantial needs for advanced AI
[9]
OpenAI's 4.5 GW Lease From Oracle Fuels Stargate's $500 Billion Vision - Oracle (NYSE:ORCL)
OpenAI, the AI powerhouse backed by Microsoft Corp. MSFT, on Wednesday announced it has agreed to lease 4.5 gigawatts of computing power from Oracle Corp. ORCL under its Stargate initiative, Bloomberg reported on Thursday, citing unnamed sources familiar with the matter. Oracle has committed $7
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Oracle has landed a groundbreaking $30 billion annual cloud deal, likely with OpenAI, to support the ambitious Project Stargate. This partnership aims to dramatically expand AI infrastructure across the United States.
Oracle's Landmark $30 Billion Cloud Deal
Oracle has secured a monumental cloud computing contract, expected to generate more than $30 billion in annual revenue starting in fiscal year 2028
1
. This deal, which nearly triples Oracle's current cloud infrastructure business, is believed to be with OpenAI for its ambitious Project Stargate initiative3
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Source: TechSpot
Project Stargate: A $500 Billion AI Infrastructure Initiative
Project Stargate, announced in January 2025, is a joint venture between OpenAI, SoftBank, Oracle, and Abu Dhabi sovereign fund MGX. The project aims to invest up to $500 billion over four years to build advanced AI data centers across the United States
3
. This massive undertaking is designed to secure American leadership in AI and support the re-industrialization of the country5
.The Scale of the Deal
Under this agreement, OpenAI will lease approximately 4.5 gigawatts of computing power from Oracle, equivalent to about a quarter of the US's current operational data center capacity
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. Oracle plans to develop multiple data centers across several states, including Texas, Michigan, Wisconsin, and Wyoming, with potential expansions to New Mexico, Georgia, Ohio, and Pennsylvania3
.Oracle's Strategic Position in the AI Cloud Market
This deal marks a significant milestone for Oracle, which was initially slow to enter the cloud computing market. The company has experienced a sharp increase in demand for data center infrastructure, with its cloud business growing 52% in the most recent quarter
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. Oracle has positioned itself as a key player in the AI infrastructure space, benefiting from capacity constraints at rivals like Microsoft2
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Source: SiliconANGLE
Technical Specifications and Investments
To power the Stargate project, Oracle is reportedly planning to purchase around 400,000 of Nvidia's high-performance GB200 chips for approximately $40 billion
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. The company has also pledged to invest $7 billion in the Stargate joint venture and plans to spend $25 billion in capital expenditure next year3
.Related Stories
Market Impact and Future Outlook
The announcement of this deal sent Oracle's shares soaring to a record high, with the stock price rising by about one-third year-to-date
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. Oracle CEO Safra Catz expressed optimism about the company's future, stating that fiscal year 2026 is expected to see dramatically higher revenue growth rates5
.Implications for the AI and Cloud Computing Landscape
Source: Benzinga
This landmark deal signifies a shift in the cloud industry, where the race to provide infrastructure for artificial intelligence is driving unprecedented investment and competition. It also highlights OpenAI's strategy to diversify its cloud providers beyond its primary partner, Microsoft
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.As the AI industry continues to grow rapidly, deals of this magnitude are likely to become more common. Oracle co-founder Larry Ellison has stated that the company has entered a new era where billion-dollar deals are becoming routine, emphasizing Oracle's commitment to being a leading provider of cloud infrastructure for AI applications
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