Oracle's $300B OpenAI Deal: Cloud Wars Heat Up
Update: 2025-09-10
Description
Oracle stock skyrockets on news of a potential $300 billion cloud deal with OpenAI! Is this the biggest cloud contract ever? The deal, reportedly starting in 2027, signals a shift for OpenAI, which is already using Oracle and partnering with them and SoftBank on the $500 billion Stargate Project to build more data centers. Even with a pre-existing relationship with Microsoft Azure, and despite being AI rivals with Google, OpenAI is strategically securing massive compute power from multiple cloud providers to fuel its ambitious AI growth.
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