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Wall Street Journal

Oracle, OpenAI Sign $300 Billion Cloud Deal

The Majority of New Revenue Revealed by Oracle Will Come From OpenAI Deal, Sources Say

OpenAI signed a deal to purchase $300 billion in computing power from Oracle over five years, starting in 2027. The deal is one of the largest cloud contracts ever signed, reflecting how spending on AI data centers is hitting new highs despite mounting concerns over a potential bubble.