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OpenAI and Oracle reportedly signed a deal that includes OpenAI buying $300 billion of compute over a five-year span.
The majority of new revenue revealed by Oracle will come from OpenAI deal, sources say.
The enterprise software maker's remarkable rise, fueled by a wave of multi-billion-dollar cloud deals, puts the spotlight on ...
Oracle shares soared about 35% on Wednesday after the company pointed to a demand surge for its cloud services from AI firms, ...
Oracle has landed a $300 billion OpenAI deal, among the largest in cloud history. The agreement, reported by The Wall Street ...
Oracle is soaring as investors cheer its aggressive data-center forecast as a positive sign for AI demand.
Oracle shares rose about 40% on Wednesday after the company pointed to a demand surge for its cloud services from AI firms, ...
The deal is one of the largest cloud contracts ever signed, reflecting how spending on AI data centers is hitting new highs ...
Ellison, 81, whose net worth is largely derived from his 41% stake in Oracle, saw his fortune rise by about $100 billion to ...
The Journal says Oracle has a much greater debt load relative to its cash holdings than Microsoft, Amazon and Meta. Its ...
OpenAI signs $300B Oracle deal for 4.5 GW compute under Project Stargate, expanding AI infrastructure from 2027.
Oracle's shares are seeing unprecedented growth driven by its AI cloud business, nearing the trillion-dollar club. Larry ...