oracle: OpenAI signs $300 billion data center pact with tech giant Oracle

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OpenAI has signed a deal with tech giant Oracle to build $300 billion in computer infrastructure that will be used to develop artificial intelligence technologies and deliver them to businesses and consumers, two people familiar with the agreement said.

The two companies have agreed to spend $300 billion on the construction of data centers over roughly five years, said the people, who spoke on the condition of anonymity because they were not authorized to discuss the deal. In July, Oracle laid out part of the agreement in a regulatory filing, but it…



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oracle: OpenAI signs $300 billion data center pact with tech giant Oracle



OpenAI has signed a deal with tech giant Oracle to build $300 billion in computer infrastructure that will be used to develop artificial intelligence technologies and deliver them to businesses and consumers, two people familiar with the agreement said.

The two companies have agreed to spend $300 billion on the construction of data centers over roughly five years, said the people, who spoke on the condition of anonymity because they were not authorized to discuss the deal. In July, Oracle laid out part of the agreement in a regulatory filing, but it…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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