SEOUL, SOUTH KOREA – 2025\/02\/04: Open AI Chief Executive Officer Sam Altman speaks during the Kakao media day in Seoul. South Korean tech giant Kakao Corp. on February 4 announced partnership with OpenAI to use ChatGPT on its new artificial intelligence (AI) service joining a global alliance led by the U.S. AI company amid intensifying competition in the global AI market. (Photo by Kim Jae-Hwan\/SOPA Images\/LightRocket via Getty Images) | Image Credits:Kim Jae-Hwan\/SOPA Images\/LightRocket \/ Getty Images <\/p>\n
Oracle sent its shares<\/a> soaring after markets closed yesterday after reporting<\/a> that it signed multiple multi-billion-dollar contracts with several customers. Now, we have an idea of who those customers might be.<\/p>\n Oracle signed a deal with OpenAI for the AI company to purchase $300 billion worth of compute power over a span of about five years, according to reporting from the Wall Street Journal<\/a>. OpenAI would start purchasing this compute in 2027.<\/p>\n If the WSJ\u2019s reporting is correct, this would be one of the largest cloud contracts ever signed. Oracle declined to comment. OpenAI did not respond to a request for confirmation or comment.<\/p>\n Oracle is no stranger to working with OpenAI. OpenAI started tapping Oracle for compute<\/a> in the summer of 2024. The AI giant also moved further away from exclusively using Microsoft Azure as its only cloud provider<\/a> in January.<\/p>\n This move away from Microsoft was timed with OpenAI\u2019s involvement with the Stargate Project<\/a>, in which OpenAI, SoftBank, and Oracle have committed to invest $500 billion into domestic data center projects over the next four years.<\/p>\n