Oracle and OpenAI are reportedly discussing a potential five-year strategic deal worth over $300 billion, positioning them as major cloud platform providers alongside IBM.
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Updated oct 16
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What happened
Oracle and OpenAI are reportedly discussing a potential five-year strategic deal worth over $300 billion, positioning them as major cloud platform providers alongside IBM.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- OpenAI confirmed a $300 billion strategic deal with Oracle, alongside updates on Claude sales and revenue sharing agreements.Sub-event
Potential five-year, $300B+ strategic cloud deal between Oracle, OpenAI, and IBM.1 source
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The entities involved
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Oracle
company in Madrid, Spain
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IBM
American multinational technology corporation
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OpenAI
American artificial intelligence research organization
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