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Title: OpenAI and Oracle Ink Historic $300 Billion Cloud Computing Deal

Link: https://developers.slashdot.org/story/25/09/1...

Amid yesterday's news of Oracle's soaring stock, which propelled founder
Larry Ellison to the top of the world's richest list, the Wall Street Journal
reported that the cloud giant and OpenAI have struck one of the largest cloud
contracts ever signed. Under the deal, OpenAI will purchase $300 billion
worth of compute power from Oracle over roughly five years, with purchases
beginning in 2027. "This move away from Microsoft was timed with OpenAI's
involvement with the Stargate Project, in which OpenAI, SoftBank, and Oracle
have committed to invest $500 billion into domestic data center projects over
the next four years," notes TechCrunch. OpenAI also recently signed a cloud
deal with Google. "The deal ... underscores the fact that the two are willing
to overlook heavy competition between them to meet the massive computing
demands," wrote analyst in Reuter's report.

Read more of this story at Slashdot.

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