Wednesday, 23 July, 2025
OpenAI to Pay Oracle $30B Annually for 4.5 GW of Stargate AI Data Center Infrastructure
OpenAI has confirmed a staggering $30 billion per year cloud-services agreement with Oracle, covering 4.5 gigawatts of data-center capacity—enough to power over 2 million AI chips—as part of its ambitious Stargate project. The move expands Oracle’s cloud footprint amid its ongoing $500 billion AI infrastructure rollout. Analysts anticipate the deal will bolster Oracle’s revenue—targeting $30 billion annually by fiscal 2028—despite short-term capex and financing pressures.
Read full story at TechCrunch