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OpenAI and Oracle reportedly ink historic cloud computing deal

1. Oracle signed a $300 billion compute power deal with OpenAI. 2. This contract could be one of the largest cloud agreements ever. 3. OpenAI previously used Oracle for compute, moving away from Microsoft. 4. Oracle, OpenAI, and SoftBank invest $500 billion in domestic data centers. 5. OpenAI also has ongoing deals with Google, competing for cloud supremacy.

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FAQ

Why Very Bullish?

The multibillion-dollar contract significantly enhances Oracle's revenue prospects, akin to past large deals that boosted stock performance.

How important is it?

The scale of the contract and OpenAI's shifting cloud strategy signify a strong market position for Oracle.

Why Long Term?

Contracts with OpenAI indicate sustained revenue, aligning with Oracle's long-term growth strategy, similar to moves that established its cloud presence.

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