AI Compute Deals

Oracle AI compute deals

Oracle is party to 6 deals in the ledger, buyer in 1 and seller in 5. The 2 with a stated price add up to $430B in headline value. Stated capacity: 11.5 GW. Counterparties: Microsoft, Meta, AMD, OpenAI, Undisclosed.

Verified 9 Nov 2026. Sums count each row’s headline figure as stated, cancelled deals excluded. Open in the full ledger

  1. Microsoft winds down its Oracle AI cloud capacity rental

    Sells to Microsoft

    Value of the original 2023 deal (OCI capacity for Bing inference) was never disclosed. Date is the Bloomberg report; Microsoft declined to comment.

    n/d cancelled

  2. Meta–Oracle cloud commitment (reported ~$20B)

    Sells to Meta

    Meta's amount is not disclosed; it sits inside a $68 billion quarterly RPO increase. About $20 billion is the figure from September 2025 reports of talks (Reuters, Bloomberg).

    n/d signed

  3. Oracle–AMD 50,000 MI450 GPU supercluster

    Buys from AMD

    Financial terms not disclosed.

    n/d announced

  4. Stargate adds five US sites (nearly 7 GW planned)

    Sells to OpenAI

    "Over $400 billion" planned investment over the next three years across all Stargate sites; about $300 billion of that is the July 2025 Oracle agreement.

    $400B1 7 GW expanded

  5. OpenAI–Oracle 4.5 GW Stargate capacity

    Sells to OpenAI

    ≠ Not disclosed by the companies. WSJ (Sept 2025) reported $300 billion over about five years from 2027. Oracle's 30 June 2025 8-K described an unnamed contract worth more than $30 billion a year from FY28, which press reports tied to OpenAI.

    n/d 4.5 GW signed

  6. Oracle discloses cloud contract worth over $30B a year from FY2028

    Sells to Undisclosed (reported as OpenAI)

    ≠ "More than $30 billion in annual revenue starting in FY28" per Oracle's 8-K. Annual figure, not total contract value. Oracle did not name the customer; press reports tied it to OpenAI.

    $30B1 signed