Oracle: 4.5 GW deal with OpenAI strengthens position in the cloud market!

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...