OpenAI has finalized a $30 billion cloud deal with Oracle to rent 4.5GW of capacity, part of the Project Stargate initiative. This project, which is supported by the US government and SoftBank, aims to invest $500 billion in AI infrastructure over the coming years. Oracle will spearhead the development of numerous data centers, notably expanding its site in Abilene, Texas, from 1.2GW to 2GW. Additional projects are anticipated in states like Michigan and Pennsylvania, with the deal projected to yield substantial revenue beginning in 2028.
OpenAI has secured a significant $30 billion cloud agreement with Oracle to rent 4.5GW of capacity in a major expansion of Project Stargate.
Project Stargate aims to boost AI data center capacity, supported by the US government and investors like SoftBank, with a planned $500 billion investment.
Oracle will lead the development of multiple data centers, including an expansion in Abilene, Texas, to significantly increase its data processing capacity.
CEO Safra Catz stated that Oracle's multi-cloud database revenue is growing rapidly, with the $30 billion deal expected to commence in fiscal year 2028.
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