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OpenAI has partnered with Oracle (ORCL, Financials) to develop an additional 4.5 gigawatts of data center capacity under the Stargate AI infrastructure program, the company announced July 22.
Shares of Bloom Energy surged after the company said it would power Oracle artificial-intelligence data centers. The stock was up 24% earlier in the session to reach its 52-week high of $33.33.
This agreement adds Oracle to Bloom Energy’s portfolio of data center clients, which already includes Equinix (NASDAQ: EQIX), American Electric Power (NASDAQ: AEP), and Quanta Computing.
Bloom’s systems also deliver clean power with virtually no air pollution and no water use, contributing to Oracle’s use of sustainable energy sources to power Oracle Cloud.
California-based power solutions provider Bloom Energy said it will deploy its fuel cell technology at select Oracle Cloud Infrastructure (OCI) data centers in the U.S. The company on July 24 said ...
OpenAI has confirmed that it’s the company behind a massive $30 billion-per-year deal with Oracle for data center services.
OpenAI and Oracle will develop another 4.5 gigawatts of data center capacity, expanding a tie-up that has promised hundreds of billions of dollars in infrastructure investment to keep the U.S ...
OpenAI and Oracle have announced they are partnering to build 4.5 gigawatts of data center capacity.