Oracle, OpenAI Sign $300 Billion Deal, Reports Wall Street Journal скачать в хорошем качестве

Oracle, OpenAI Sign $300 Billion Deal, Reports Wall Street Journal

Bloomberg's Caroline Hyde breaks down new reporting from the Wall Street Journal that Oracle signed a $300 billion deal with OpenAI, as Oracle shares soared on an optimistic earnings report. Oracle Corp. shares gained the most since 1992 after the company gave an aggressive outlook for its cloud business, cementing the software maker’s place in the race to support demand for artificial intelligence computing. The stock surged as much as 43% Wednesday mid-morning in New York, bringing its market valuation to $969 billion and making co-founder Larry Ellison the world’s richest person, surpassing Elon Musk. AI-related stocks such as chip developer Nvidia Corp. and Asian suppliers also climbed. Known for its database software, Oracle has recently found success in the red-hot cloud computing market and is emerging as a key provider of AI computing capacity, competing against cloud leaders Amazon.com Inc., Microsoft Corp. and Alphabet Inc.’s Google. Earlier this summer, it signed an unprecedented deal with ChatGPT operator OpenAI for 4.5 gigawatts’ worth of data center capacity — enough energy to power millions of American homes. It also counts Nvidia and ByteDance’s TikTok as major cloud customers. Such deals helped boost remaining performance obligations — a measure of bookings — to $455 billion at the end of the fiscal first quarter, Oracle said Tuesday. That’s more than four times higher than the same period a year earlier. It’s also roughly four times Google’s backlog, according to Bloomberg Intelligence, suggesting Oracle’s cloud-growth rate is poised to surpass Google’s.  “It was an astonishing quarter,” and demand for Oracle cloud infrastructure continues to build, Chief Executive Officer Safra Catz said. The company signed four multibillion-dollar contracts with three different customers in the quarter and expects to sign up several additional customers in the coming months, she added, pushing remaining performance obligations above $500 billion. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X:   / bloombergradio   Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts:    / bloombergpodcasts   Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake