OpenAI signed a $ 5 billion contract for Stargit project with Oracle

Openai and Oracle have signed a $ 5 billion contract to provide the Stargit project cloud infrastructure.

According to the Wall Street Journal, the contract between Oracle and Openai has been signed to buy $ 5 billion in computational power over five years and is one of the largest cloud computing contracts in history.

Oracle Provides Cloud Infrastructure Stargit Project for Openai

In July, the two companies unveiled their collaboration to build databases with a capacity of 1.5 GW as part of the Stargit project. The project was announced by US President Donald Trump and Softbank as one of the main sponsors. At that time, it was not said that Openai was going to pay for these datasers. According to new reports, the new Openai contract with Oracle will begin in year 2.

Of course, the Stargit project is going on, and the parties have decided to focus on the construction of small datacenters for now.

Openai is said to be expected to earn $ 1.5 billion in the new year. The company active in the field of artificial intelligence and ChatGPT is looking to build dedicated chips for its datacenters, and recently reports of a $ 2 billion agreement between OpenAI and Bradamam to design the chips.

Oracle CEO Safra Katz announced that the company had signed four multi -billion dollar contracts on Tuesday without mentioning specific customers. According to Katz, this has led to Oracle’s revenue from cloud infrastructure this year.

Oracle has announced that it has added more than $ 5 billion to future contract revenue in the first quarter of the year. This huge figure led to the price of Oracle’s stock, and led Larry Ellison, head of the Oracle Board of Directors, to the top of the list of the richest people in the world.