OpenAI has finalized a major deal with Oracle for $30 billion annually in data center services. This agreement is part of the Stargate project, which involves constructing data centers with 4.5 gigawatts of capacity, enough to power about four million homes. CEO Sam Altman confirmed the details online. The project requires significant capital investments, with Oracle expected to spend nearly $50 billion over two years on data centers, including existing customer support and new constructions at the Stargate I site in Texas.
OpenAI has signed a $30 billion per year cloud deal with Oracle for data center services, confirmed by CEO Sam Altman in a recent X post and company blog.
The contract involves 4.5 gigawatts of capacity for the Stargate project, a large-scale data-center initiative estimated to cost $500 billion, with collaborations between OpenAI, Oracle, and Softbank.
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