OpenAI has entered into a monumental agreement with Oracle, committing to purchase $300 billion in computing power over the next five years. This deal is one of the largest cloud contracts in history, reflecting a significant increase in spending on AI infrastructure despite concerns about a potential market bubble.
Oracle is negotiating a $20 billion multi-year cloud computing deal with Meta, aimed at enhancing Meta's AI capabilities by providing additional computing capacity. This move reflects Meta's ongoing efforts to secure faster access to necessary computing power alongside its existing cloud providers.