Oracle-OpenAI deal concentrates risk as contract hinges on Microsoft talks and Softbank-led raise
Let's get right to Mackenzie Sagalis in our San Francisco newsroom with the latest. What do we know, Mac. Hey, Sarah.So, we're getting some clarity on Oracle's blowout earnings. The Wall Street Journal reporting that OpenAI has signed a $300 billion deal with Oracle for cloud computing power. That is one of the largest contracts of its kind and a staggering figure that far exceeds OpenAI's current revenue.Now, this is a 5-year agreement that starts in 2027, and it helps explain that surge in future contract ...