"OpenAI and Oracle Unleash $300 Billion Cloud Computing Revolution"

OpenAI and Oracle Ink Historic $300 Billion Cloud Computing Deal, Marking One of the Largest in History In a groundbreaking agreement, OpenAI has signed a massive cloud computing deal with Oracle, valued at approximately $300 billion over five years, starting in 2027. This historic partnership underscores OpenAI's growing need for vast computational resources to support its AI ambitions and marks one of the largest cloud contracts ever signed. According to multiple sources, including the Wall Street Journal and TechCrunch, the deal was timed with OpenAI's involvement in the Stargate Project, a joint initiative with SoftBank and Oracle to invest $500 billion in domestic data center projects over four years. This significant investment is expected to drive innovation and growth in the field of artificial intelligence. The partnership between OpenAI and Oracle has been described as "historic" by industry experts, who note that it underscores the fact that the two companies are willing to overlook heavy competition to achieve their goals. "This move away from Microsoft was timed with OpenAI's involvement with the Stargate Project," notes TechCrunch. Oracle's founder, Larry Ellison, has seen his net worth soar as a result of the deal, propelling him to the top of the world's richest list. The agreement is expected to have a significant impact on the cloud computing industry, with many experts predicting that it will set a new standard for large-scale cloud contracts. The deal marks a significant shift in OpenAI's strategy, which has seen the company sign cloud deals with both Google and Oracle. According to sources, OpenAI's growing need for computational resources is driving its decision to invest heavily in domestic data center projects. Industry experts have welcomed the partnership, citing its potential to drive innovation and growth in the field of artificial intelligence. "This deal is a game-changer for the industry," said one expert, who wished to remain anonymous. "It shows that companies are willing to work together to achieve their goals, even if it means overlooking competition." As part of the agreement, OpenAI will begin purchasing compute power from Oracle in 2027, with purchases expected to continue over the next five years. The deal is expected to have a significant impact on the cloud computing industry, with many experts predicting that it will set a new standard for large-scale cloud contracts. In a statement, an Oracle spokesperson said: "We are thrilled to partner with OpenAI on this historic agreement. Our investment in domestic data center projects is expected to drive innovation and growth in the field of artificial intelligence." The Stargate Project, which was announced earlier this year, aims to invest $500 billion in domestic data center projects over four years. The project has been hailed as a major initiative by industry experts, who note that it will have a significant impact on the development of artificial intelligence. As the partnership between OpenAI and Oracle continues to unfold, many are left wondering what the future holds for the cloud computing industry. One thing is certain: this historic deal marks a new era in large-scale cloud contracts, and its impact will be felt for years to come. This story was compiled from reports by Slashdot and Multi-source: Slashdot.