archiveOracle

Oracle deploying 50,000 AMD AI chips in cloud infrastructure
AIArtificial IntelligenceIn the News

Oracle to Deploy 50,000 AMD AI Chips to Boost Cloud Capabilities

Oracle is making a bold move to strengthen its presence in the fast-growing artificial intelligence (AI) space. The tech giant has announced plans to deploy 50,000 AMD Instinct MI450 graphics processing units (GPUs) across its cloud infrastructure. This is one of Oracle’s largest AI-focused hardware initiatives to date, signaling its...
OpenAI Stargate AI data center expansion with high-performance chips
AIArtificial IntelligenceIn the News

OpenAI Speeds Up Stargate Build-Out as AI Demand Soars, Looks Toward Debt Financing to Buy Chips

OpenAI is ramping up its bid to satisfy spiking global demand for artificial intelligence (AI) service performance by dramatically increasing the scale of what it calls Stargate, an ambitious infrastructure project. The initiative, initially conceived as a sprawling joint venture that included partners like Oracle and the SoftBank Group, now...
Oracle corporate bond sale to fund AI infrastructure expansion
AIArtificial IntelligenceIn the News

Oracle Looks to Borrow $15 Billion to Fund Artificial Intelligence Infrastructure Push

The worldwide software and cloud infrastructure giant Oracle Corporation is said to be planning a massive $15 billion corporate bond sale. This aggressive financial maneuver is intended to propel the company forward in the burgeoning world of artificial intelligence (AI) and bolster its cloud infrastructure in line with increasing demand....
Oracle headquarters building with AI-driven growth chart highlighting approach to trillion-dollar market cap
AIArtificial IntelligenceIn the News

Oracle Slows Down After Record Streak Pushed by A.I., Inches It Toward $1 Trillion Club

Oracle Corporation has been on an extraordinary stock market tear for months, as investors have cheered its enthusiasm for artificial intelligence (AI) and the company’s ascendance in the cloud-computing competition. But following record highs and a tantalizing brush with the magical $1 trillion market-capitalization figure, the technology giant’s share price...
Larry Ellison celebrating as the world’s richest person with Oracle stock performance in the background
AIArtificial IntelligenceIn the News

Larry Ellison Overtakes Elon Musk as World’s Wealthiest Person With Riches of $393 Billion

In a surprising shake-up at the very top of world wealth rankings, Oracle co-founder Larry Ellison surpassed Elon Musk to become Earth’s wealthiest person. According to the latest billionaire rankings published this week, Ellison’s wealth has rocketed to an estimated $393 billion, surpassing Musk’s and making the 80-year-old tech mogul...
Illustration of OpenAI and Oracle announcing their $300 billion Project Stargate cloud deal set to launch in 2027
AIArtificial IntelligenceIn the News

OpenAI and Oracle Announce $300 Billion “Project Stargate” Cloud Collaboration, to Take Flight in 2027

In a stunning acknowledgment of how quickly artificial intelligence is transforming the tech industry, OpenAI has announced it just signed a massive $300 billion cloud computing deal with Oracle.(Note: The original figure “$300 trillion” has been corrected to $300 billion for consistency with the headline.)The five-year accord, named Project Stargate,...
Illustration of OpenAI and Oracle partnership highlighting AI data center infrastructure in $30B annual deal
AIArticlesArtificial Intelligence

OpenAI Inks ‘Historic’ Deal With Oracle, Papered at $30 Billion Annually for Services from Data Center: Report

OpenAI, which is building artificial general intelligence to benefit humanity and powers a suite of next-gen AI technologies, has inked one of the largest commercial cloud deals in history with Oracle to support the organization’s high-performance computing workloads. New reports peg the agreement at a $30 billion per annum pact—a...