OpenAI signs contract to buy $300 billion worth of Oracle computing power over the next five years — company needs 4.5 gigawatts of power, enough to power four million homes
OpenAI has struck a monumental deal with Oracle to purchase $300 billion worth of computing power over the next five years, requiring 4.5 gigawatts of power, equivalent to powering four million homes. Despite OpenAI's projected revenue not covering even half of the payments to Oracle, the market reacted positively, boosting Oracle's stock value by over 43%. This move signifies a shift for OpenAI from relying solely on Microsoft's Azure cloud platform for computing power. Oracle will construct new data centers in various U.S. locations to meet OpenAI's computing needs.
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