OpenAI has confirmed it is the company behind Oracle’s previously undisclosed $30 billion per year cloud deal, first revealed in an SEC filing last month. While OpenAI CEO Sam Altman did not confirm the financial terms, he acknowledged the agreement on X and in a company blog post.
The deal secures 4.5 gigawatts of capacity from Oracle as part of “Stargate,” a multibillion-dollar AI data center initiative based in Abilene, Texas. The project, jointly announced in January by OpenAI, Oracle, and SoftBank, aims to support OpenAI’s growing compute demands but does not include SoftBank in this specific contract.
Oracle’s unprecedented agreement — three times OpenAI’s current annual revenue — signals a new phase in hyperscale AI infrastructure investment, with execution still dependent on massive energy and build-out efforts.
