The deal is part of Stargate, a $500 billion project launched by OpenAI, Oracle, and SoftBank earlier this year.

Oracle secured a cloud contract over $30 billion annually, one of the largest in cloud history, starting fiscal 2028.

The partnership is part of OpenAI’s Stargate initiative, an ambitious $500 billion plan to build out 10 gigawatts of AI ...

Oracle shares surged to an all-time high Monday as CEO Safra Catz touted a “strong start” to fiscal 2026 for the tech giant, with several new cloud deals.

Oracle shares jumped after a recent filing showed a cloud deal that would add more than $30 billion annually starting in the fiscal 2028 year. CEO Safra Catz is expected to share the deal news at ...

OpenAI has disclosed they signed a 30 billion dollar annual deal with Oracle for their data centre services last month, ...

Oracle has signed up a cloud customer to spend more than $30 billion a year from FY28. The deal, revealed in a regulatory filing, could be the largest cloud contract in history, but the filing does ...

Oracle shares jumped 4% to an all-time high after a recent filing showed a cloud deal that would add more than $30 billion annually. Stream NBC4 newscasts for free right here, right now.