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260 OpenAI’s Spending Spree is Reordering the Cloud Market

The Information
Amir Efrati @ The Information · today 10:00 EDT

OpenAI’s Spending Spree is Reordering the Cloud Market

When OpenAI two months ago agreed to rent an unfathomably large amount of data center capacity from Oracle (4.5 gigawatts, or enough to power several large cities), we thought the market would have priced in the eventual mammoth revenue from that publicly announced deal. We were wrong.On Tuesday, Oracle disclosed that computing contracts would bring in more than $300 billion in additional revenue in the next five years. While it didn’t identify the customers responsible, the OpenAI deal is likely a key one.

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