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Stargate partners OpenAI and Oracle announced plans to develop additional US data center capacity with OpenAI getting 2 million AI chips from Oracle. Bloomberg's Brody Ford discusses with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.
CNBC's Kristina Partsinevelos joins ‘Money Movers' to discuss OpenAI and Oracle's new 4.5GW data center expansion.
The company ORCL-2.37% is helping OpenAI boost its artificial-intelligence data-center capacity, and analysts at Evercore ISI are doing the math about how much that will cost Oracle as it pursues the potential for $30 billion in annualized revenue down the road.
CNBC's Kristina Partsinevelos joins 'Money Movers' to discuss OpenAI signing a $30 billion data center deal with Oracle.
Oracle's (ORCL) agreement with OpenAI to provide another 4.5 gigawatts of Stargate data center capacity could open the door to an additional 100,000 jobs through operations and construction. That's not the only deal the company is eyeing.
The company is still set to gain from a huge deal with OpenAI.
Oracle and OpenAI will develop an additional 4.5 gigawatts of Stargate data center capacity in the U.S. Stargate is a joint venture between OpenAI, Oracle and Softbank that aims to invest up to $500 billion in AI infrastructure in the U.S.
Cloud firm Oracle and OpenAI plan to develop 4.5 gigawatts of additional data center capacity, the ChatGPT developer said on Tuesday.
ORCL expands Exadata reach via AWS, Azure and Google Cloud, aiming to lift hardware growth despite steep competition and valuation concerns.
3M (MMM) beat earnings and raised guidance in its latest earnings, though the stock didn't see much movement after the opening bell. Chevron (CVX) won arbitration against Exxon Mobil (XOM) to complete its acquisition of Hess Corp. (HES).