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.

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.