OpenAI and Oracle reportedly ink historic cloud computing deal

OpenAI, the artificial intelligence research company, has reportedly signed a historic cloud computing deal with Oracle. According to the reports, the agreement includes OpenAI purchasing $300 billion worth of compute power from Oracle over a five-year period. The deal is seen as a significant development in the AI industry, as it highlights the growing demand for high-performance computing resources to support the development of advanced AI models. OpenAI, known for its creation of the popular language model ChatGPT, has been at the forefront of AI research and development, and this partnership with Oracle is expected to further enhance its capabilities. The agreement is also notable as it represents a strategic alliance between two major players in the technology industry, with Oracle providing the necessary cloud infrastructure and computing power to support OpenAI's ambitious research and development plans. While the specific details of the agreement have not been officially confirmed by the companies, the reported $300 billion figure underscores the significant financial investment involved in this partnership.