Oracle has signed up a cloud customer to spend more than $30 billion a year from FY28. The deal, revealed in a regulatory filing, could be the largest cloud contract in history, but the filing does ...

Oracle will develop multiple data centers across the US with partners, Bloomberg reports. The existing Abilene, Texas, data ...

OpenAI has formally confirmed that it is the client of Oracle’s recently revealed $30 billion annual cloud services contract, ...

The partnership is part of OpenAI’s Stargate initiative, an ambitious $500 billion plan to build out 10 gigawatts of AI ...

Oracle secured a cloud contract over $30 billion annually, one of the largest in cloud history, starting fiscal 2028.

Nevertheless, $30 billion in extra annual revenue is big news for Oracle. As of fiscal year 2025, Oracle's total cloud revenue was just $24.4 billion – less than this single mystery contract.

Oracle gained the spotlight with a prominent rally so far this year owing to the extensive deployment of AI projects. Read ...

Indeed, Oracle has many things working in its favor, including a successful cloud database offering, massive AI infrastructure improvements, flagship cloud services agreements, and key strategic ...

Skydance Media, run by David Ellisonthe son of Oracle founder Larry Ellisonalready spends around $2.2 million annually on ...

OpenAI has confirmed a $30 billion annual deal with Oracle for data centre services, marking a significant expansion in its infrastructure capacity.

With Oracle's revenue set to soar on GPU deals and cloud growth, investors are betting big, but profitability and valuation ...