ORACLE, OPENAI SIGN MASSIVE $300 BILLION CLOUD COMPUTING DEAL

Summary from the TLDR newsletter

OpenAI will purchase $300 billion in computing power from Oracle over roughly five years. The deal, which far outstrips OpenAI's current revenue, is one of the largest cloud contracts ever signed. It will require 4.5 gigawatts of power capacity, the amount consumed by roughly four million homes. Oracle's share price recently surged, increasing its Chairman Larry Ellison's wealth by more than $100 billion. OpenAI and Oracle's contract will start in 2027.