Overview
- Wall Street Journal reporting says OpenAI agreed to buy about $300 billion of compute from Oracle over five years, one of the largest cloud commitments to date.
- The plan would require roughly 4.5 gigawatts of power capacity, underscoring the scale of new AI data-center buildouts referenced in the reports.
- Oracle shares initially surged about 35% after revealing a $317 billion increase in contracted future cloud revenue, then fell 6.26% the next day.
- The swing briefly lifted Larry Ellison above Elon Musk in wealth rankings before a market retracement and a Tesla rebound restored Musk to the top.
- Coverage notes OpenAI’s estimated $10 billion in annual revenue versus about $60 billion in yearly payments under the deal, with questions about financing and limited public confirmation of terms.