Openai agreed to pay Oracle 30 billion dollars annually to data center services

Openai was the company that signed a $ 30 billion deal annually with Oracle for Data Center services, which was unveiled last month, Wall Street Magazine It was mentioned on Monday. Now, the CEO of Openai Sam Altman confirmed the details of the contract (but not the dollar amount) in X post On Tuesday and in The company’s blog post.

To summarize, on June 30, Oracle revealed in SEC file It signed a cloud deal that would generate $ 30 billion in revenues annually. However, the company did not say who was with or for services services. The news caused the Oracle arrow to reach the highest level ever, making its founder and CTO, Larry Ellison, the second richest person in the world, According to Bloomberg.

Speculation On the identity Among the customer, people wondered what the company could need to $ 30 billion annually in data center services. For comparison, Oracle sold a value of $ 24.5 billion of cloud services in 2025 financial for all customers combined, I mentioned In June.

Openai now explained that this Oracle deal is 4.5 GB of capacity as part of Stargate, the data center building project of $ 500 billion, Openai, Oracle, Softbank announced in January. (Apparently, the $ 30 billion deal does not involve SoftBank.)

4.5 Gigawatts is the equivalent of two Hoover dams, and an adequate salad of about four million homes, according to WSJ reports.

This is not a direct victory for Oracle. Openai and Oracle still must build this Monster Data Data Center, which will be expensive, whether cash or energy. They do this as Openai called Stargate I in Abelene, Texas.

Meanwhile, Oracle spent $ 21.2 billion on capital expenditures last year, CEO Safra Catz It was mentioned in JuneShe said she expects to spend another $ 25 billion this year. She said that nearly $ 50 billion was largely spent on databases (this does not include land purchases) within two years. Although these funds also support existing Oracle customers, as well as Openai’s demands.

An interesting semi -final reminds him of all this: last month, Altman said this Openai I recently reached 10 billion dollars In repeated annual revenues, an increase of about $ 5.5 billion last year. This individual commitment to Oracle is already three times the year what it currently brings and does not include all other expenses of the company, including the current data center obligations.