Oracle recently signed a contract with a single provider worth $30 billion in annual revenue – could its be OpenAI?

Earlier this week, database group Oracle announced it had signed a single cloud computing contract worth $30bn in annual revenue beginning in 2028, without naming the customer. People close to the matter confirmed to the Financial Times that the customer was OpenAI as part of its expansion of Stargate.

OpenAI has signed a cloud computing agreement with Oracle valued at around USD 30 billion annually, as part of a significant scale-up of its Stargate data centre initiative. The deal will give OpenAI access to 4.