OpenAI Agreed to Pay Oracle $30 Billion a Year for Data Center Services, Says Sam Altman
The multiyear agreement cements Oracle’s position in cloud infrastructure while supporting OpenAI’s massive data center expansion under the Stargate project.
Oracle Strengthens U.S. Government Ties as Cloud Strategy Gains Ground
Over the past five years, Oracle has delivered a total shareholder return of nearly 169%, outperforming many of its peers. Despite broader volatility in the software sector, Oracle posted an earnings growth rate of 14.3% last year.