Overview

• The Wall Street Journal reports OpenAI agreed to purchase roughly $300 billion of Oracle cloud capacity over about five years starting in 2027, requiring around 4.5 gigawatts of data‑center power.
• Oracle declined to comment in several reports and OpenAI did not confirm to all outlets, leaving the $300 billion figure widely cited but not uniformly corroborated on the record.
• Oracle disclosed remaining performance obligations of about $455 billion and guided Oracle Cloud Infrastructure revenue to $144 billion within several years, pointing to large multi‑year contracts.
• Shares of Oracle jumped roughly 36%–43%, lifting its market value to around $922–$933 billion and significantly boosting Larry Ellison’s net worth.
• The reported pact is tied to the broader Project Stargate buildout, concentrating revenue from a single AI customer even as OpenAI’s reported ~$10 billion annual revenue and losses raise funding and execution risks.