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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.
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.
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While there are questions about a contract that will ultimately add more than $30 billion in revenue annually, Bernstein ...
Oracle Inc announces a $30 billion cloud deal with OpenAI. Wall Street's average price target indicates downside in ORCL ...
Analysts say the move signals a strategic pivot from generic cloud to AI-first infrastructure, reshaping CIO priorities.
During the earnings call, CEO Safra Catz said, "Our infrastructure business was the next area to move to the cloud. We made ...
After pushing the TikTok sale date back yet again, President Donald Trump said in an interview on Sunday that he had found a ...
Oracle shares are up 1.29% Thursday, extending a strong run over the past month with gains of more than 30%. Here’s a look at ...
Oracle announced a new cloud agreement, and a Stifel analyst is freshly optimistic about the revenue opportunities ahead of ...
Oracle Insurance Risk Management Services Inc. has finalized a strategic investment from Boston-based private equity firm ...
In today's video, I discuss recent updates affecting Nvidia ( NVDA 1.28%), Meta Platforms ( META 0.73%), and other semiconductor stocks. To learn more, check out the short video, consider subscribing, ...
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