Oracle's cloud services are playing a significant role in the growth of companies like OpenAI and Nvidia, contributing to substantial profits for Oracle's co-founder Larry Ellison. The strategic partnership and investments in artificial intelligence are driving this success, highlighting the increasing demand for cloud computing capabilities in the tech industry.

Oracle plans to spend approximately $40 billion on high-performance Nvidia chips to support OpenAI's new data center in Abilene, Texas. This initiative is part of the U.S. Stargate Project, aimed at enhancing the country's position in the competitive AI industry. The purchase will involve around 400,000 of Nvidia's GB200 chips, which Oracle will lease to OpenAI.

OpenAI is set to establish a significant data center in Abu Dhabi, with the first 200-megawatt phase expected to be completed by the end of 2026. Funded by G42 and operated in partnership with Oracle, the project also includes collaborations with SoftBank, Nvidia, and Cisco, although the total cost remains undisclosed.

OpenAI has reportedly agreed to pay Oracle $30 billion annually for data center services, marking a significant partnership between the two companies. This deal is expected to enhance OpenAI's infrastructure capabilities while providing Oracle with a substantial revenue boost.

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 and OpenAI are collaborating on a $15 billion data center campus in Port Washington, Wisconsin, expected to create over 4,000 construction jobs and 1,000 long-term positions. The project is part of their plan to enhance Stargate capacity and is set to begin construction soon, with completion projected for 2028.