OpenAI plans to spend $300 billion on cloud computing starting 2027

Oracle’s stock exploded this week because OpenAI is throwing down billions like it’s ￰0￱ artificial intelligence company, which has been reshaping the tech scene since 2022, is the reason Oracle just had its biggest single-day jump in over three decades, as Cryptopolitan previously ￰1￱ company revealed that it locked in four multibillion-dollar contracts this quarter, and one of them is with OpenAI, which plans to build 4.5 gigawatts of ￰2￱ center capacity using Oracle’s cloud. That’s enough juice to power a small ￰3￱ is planning to dump $300 billion into computing power starting in 2027, over a five-year ￰4￱ number was confirmed just days after Oracle filed with the SEC about a $30 billion cloud deal set to kick off in two ￰5￱ gets a boost, Microsoft and Broadcom cash in too A week before Oracle’s earnings came out, Broadcom’s stock jumped 10 percent.

Why? It signed a $10 billion chip deal with a customer analysts said was ￰6￱ surprise there. Microsoft, meanwhile, has been tied to OpenAI for six years, ever since it pumped $13 billion into the ￰7￱ still runs most of OpenAI’s workloads on ￰8￱ there’s ￰9￱ entire reason it’s now the most valuable company on the planet is because its chips run OpenAI’s large language models. That’s where all the AI magic ￰10￱ four companies (Oracle, Broadcom, Microsoft, Nvidia) have added over $4.5 trillion to their market value since OpenAI dropped ChatGPT in late 2022.

That’s why the Nasdaq and S&P 500 just closed out at record ￰11￱ not everyone’s ￰12￱ Luria from ￰13￱ told CNBC, “While we love ChatGPT, OpenAI is still a not-for-profit limited in its ability to raise capital.” Gil isn’t just ￰14￱ was deep into Oracle’s numbers when the stock popped 36 percent on ￰15￱ was the company’s biggest gain since ￰16￱ it didn’t ￰17￱ stock dropped 6 percent the next day and 5 percent more on Friday. Oracle’s backlog, which is money it hasn’t collected yet, jumped 359 percent year-over-year to $455 ￰18￱ pointed out that more than 90 percent of that number came from one customer — ￰19￱ said that kind of concentration “significantly reduces” ￰20￱ signs checks, investors start asking questions Sam Altman, OpenAI’s CEO, isn’t slowing down.

He’s spending billions across the ￰21￱ Oracle, OpenAI also signed big cloud deals with Google and ￰22￱ it plans to invest $19 billion into Stargate, a ￰23￱ project backed by the Trump ￰24￱ is a partnership between OpenAI, Oracle, and ￰25￱ top of that, SoftBank is leading a $40 billion funding round for OpenAI. “Sam Altman has the gumption to sign very large checks without needing to worry about whether those can ever be cashed,” Gil ￰26￱ spending is huge, but OpenAI isn’t making a ￰27￱ even close. Still, revenue is climbing ￰28￱ hit $10 billion in annual recurring revenue in ￰29￱ says that number could hit $125 billion by ￰30￱ company is also ￰31￱ week, it said it’s moving toward becoming a public benefit ￰32￱ nonprofit parent will still oversee things and hold more than $100 billion in ￰33￱ goal is to finish the restructure by the end of the year so OpenAI can lock in the full $40 billion from the latest ￰34￱ nearly joined the trillion-dollar club because of all ￰35￱ market cap hit $930 billion on Wednesday but fell back to $830 billion by ￰36￱ Deeter from Bessemer Venture Partners is still not ￰37￱ told CNBC’s Money Movers, “Two days ago, we all thought Oracle was essentially nowhere in ￰38￱ announce this mega-deal, people think they’re the next great hyperscaler, and I don’t buy that part.” Byron said Oracle is still behind Amazon, Google, and Microsoft in ￰39￱ called them a “B-level hyperscaler” and said they don’t have strong positions in chips or ￰40￱ your project in front of crypto’s top minds?

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