Earlier this week, Oracle announced it had signed a single cloud computing contract worth $30bn in annual revenue beginning in 2028, without naming the customer. People close to the matter confirmed to the Financial Times that the customer was OpenAI as part of its expansion of Stargate.

Stargate — OpenAI’s project with partners including Oracle and SoftBank Group Corp. to invest $500 billion in AI infrastructure — was first announced in January at the White House. So far, Oracle has developed a massive data center in Abilene, Texas, for OpenAI alongside development partner Crusoe.

Stargate, OpenAI’s initiative, in collaboration with partners such as Oracle and SoftBank Group, to allocate $500 billion toward AI infrastructure, was initially announced in January at the White House. Thus far, Oracle has constructed a large data centre in Abilene, Texas, for OpenAI alongside its development partner, Crusoe.