Oracle and OpenAI Agree to $300 Billion Cloud Deal, Largest in History

OpenAI has reportedly committed to a $300bn cloud computing contract with Oracle, expected to last nearly five years. The deal represents one of the largest cloud agreements in history and indicates a significant investment in AI data centers. The contract requires Oracle to provide 4.5 gigawatts of power capacity and may pose risks for both parties due to OpenAI's current loss-making status and Oracle's concentration of future revenue on a single client.