Here’s an eye-popping new price tag for generative AI’s booming demand for energy and computing power for data centers: $300 billion. That’s how much ChatGPT maker OpenAI has reportedly committed to spend with Oracle over a five-year span to continue its run of early success. The deal, which would be one of the largest contracts for cloud computing, was announced …
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OpenAI will pay Oracle $300 billion over the course of five years to fuel Sam Altman’s AI ambitions by providing five gigawatts of compute capacity. At least that’s what unnamed sources familiar with the matter tell the Wall Street Journal, which reports that the contract is set to begin in 2027, giving the AI startup a little over a year …
Read More »OpenAI plans to pay Oracle $300B for data center capacity: report (ORCL:NYSE) Seeking AlphaView Full Coverage on Google News Source link
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ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year. The oversubscribed round came months ahead of schedule, per the NYT. OpenAI initially raised $2.5 billion from VC firms in March when it announced its intention to raise $40 billion …
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