Oracle: 4.5 GW Deal With OpenAI Strengthens Position in the Cloud Market!
Reading Time: 3 minutes
Oracle and OpenAI have agreed on a significant expansion of their Stargate project: OpenAI is renting additional data center capacities of around 4.5 gigawatts of power in the USA – part of a new cloud deal that could generate an estimated $30 billion in annual revenue. This marks the next phase for the Stargate consortium, which aims to build AI data centers in partnership with SoftBank, MGX, and other collaborators. Oracle builds data centers in Texas, Michigan, Wyoming, and six other states The deal involves the expansion of existing data...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
