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OpenAI signs $300 billion data center pact with tech giant Oracle

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OpenAI has signed a deal with tech giant Oracle to build $300 billion in computer infrastructure that will be used to develop artificial intelligence technologies and deliver them to businesses and consumers, two people familiar with the agreement said. OpenAI previously said it had reached a deal with Oracle to build massive AI data centers in the United States as part of what it calls Project Stargate. But the AI startup had not revealed the particulars of the pact. The two companies have agreed to spend $300 billion on the construction of data centers over roughly five years, said the people, who spoke on the condition of anonymity because they were not authorized to discuss the deal. In July, Oracle laid out part of the agreement in a regulatory filing, but it did not reveal many details.

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