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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.
Microsoft Corp (NASDAQ: MSFT) is leasing 4.5 gigawatts of computing power from Oracle Corp (NYSE: ORCL) under its Stargate ...
OpenAI signs a $30B deal with Oracle for 4.5GW of data center power under its Stargate project, boosting U.S. AI ...
OpenAI reportedly agreed a deal to rent a large amount of computing power from Oracle for use in US data centres.
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 the key highlights driving the rally.
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