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OpenAI agreed to pay Oracle $30B a year for data center services

🚨 Breaking: OpenAI revealed as Oracle’s mystery $30B/year customer!

💰 Sam Altman confirmed the massive data center deal Tuesday, ending months of speculation since Oracle’s June SEC filing.

📈 The news sent Oracle stock soaring, making Larry Ellison the world’s 2nd richest person! 🏆

The deal covers 4.5 gigawatts of power ⚡ (equivalent to 2 Hoover Dams!) for OpenAI’s Stargate project in Abilene, Texas 🏗️.

This dwarfs Oracle’s $24.5B total cloud revenue from ALL customers combined! 📊

Oracle’s spending big too – nearly $50B over two years on data centers 💸. The massive infrastructure buildout supports OpenAI’s AI ambitions but represents a costly, energy-intensive challenge ahead 🔋⚠️.