OpenAI signs $300bn cloud deal with Oracle - report
But do the numbers add up?
News - The Cloud & Hybrid Channel, Oracle
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Oracle has $455bn in remaining performance obligations at end of Q1 2026
Company sees strong growth despite missing Wall Street expectations
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Oracle continues widespread layoffs across US, India, Philippines, and beyond
The company has yet to communicate the move internally or externally
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Rio de Janeiro City Hall announces partnerships with Oracle and Nvidia for AI City
City teams up with tech giants to become an "AI City"
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Significant layoffs at Oracle, job cuts impact US and India OCI teams
Scale of the cuts not yet known
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Oracle in talks for $100m-a-year contract with Skydance and Paramount Global
Skydance was founded by son of Oracle's Larry Ellison
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Oracle to invest $3bn in cloud and AI infrastructure in Germany and Netherlands
$2bn earmarked for Germany, $1bn for the Netherlands
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Oracle establishes cloud presence in Indonesia
Cloud provider to lease facilities from DayOne Data Centers
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Oracle Database@AWS now generally available
Available in the AWS US East and West regions
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Oracle offering US government "substantial" discount on cloud computing services
Will last till end of November
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OpenAI confirmed to be behind $30bn-a-year Oracle cloud deal, 4.5GW expected across multiple data center sites
Likely the world's largest cloud deal
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Oracle reveals cloud deal worth $30 billion a year
Customer unnamed, but could be OpenAI
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xAI to use Oracle Cloud Infrastructure to train and run inferencing for Grok
Among many AI companies using OCI
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Oracle launches air-gapped on-prem cloud offering
Also announces defense ecosystem basd on OCI
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Oracle deploys Exadata Database into Google data center in Japan
Companies launch multi-cloud offering in fifth location and first in APAC
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Oracle to deploy cluster of more than 130,000 AMD MI355X GPUs
Cloud company's GB200 NVL72 supercluster also now available, and other Oracle news
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Oracle will build more cloud infrastructure data centers than all its competitors combined, says Larry Ellison
Oracle has big quarter, with cloud IaaS revenue up more than 50 percent YoY
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TD Cowen: Oracle seeking 5GW US data center capacity for OpenAI training workloads by end of 2026
Could cost more than $159bn in a five-year partnership
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Oracle to spend $40bn on Nvidia GPUs for OpenAI Texas data center
Will be housed in the Abilene, Texas, data center campus
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Oracle Cloud experiences outage in Europe, users say
DownDetector suggests cloud issues lasted six hours
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Oracle commits to invest $14bn in Saudi Arabia over next 10 years
Company has two cloud regions in the Kingdom
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IBM launches new LinuxONE server with Telum II chips
And more news from IBM
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Nvidia GB200 NVL72 now available via Oracle Cloud
Oracle deploys "thousands" of Blackwell GPUs
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US Army expands use of Oracle Cloud Infrastructure with $222.53m task order
Department of Agriculture also selects Oracle for STRATUS contract