Oracle, OpenAI Sign $300 Billion Cloud Computing Deal: comparable to the power produced by more than two Hoover Dams

OpenAI signed a contract to purchase $300 billion in computing power over roughly five years from Oracle, people familiar with the matter said, a massive commitment that far outstrips the startup’s current revenue.

The deal is one of the largest cloud contracts ever signed, reflecting how spending on AI data centers is hitting new highs despite mounting concerns over a potential bubble. 

It will require 4.5 gigawatts of capacity, roughly comparable to the power produced by more than two Hoover Dams or the amount consumed by about four million homes.

Wall Street Journal 10 September 2025

https://www.wsj.com/business/openai-oracle-sign-300-billion-computing-deal-among-biggest-in-history-ff27c8fe

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