Turns out OpenAI is the customer behind Oracle's mysterious $30 billion cloud deal
The deal between OpenAI and Oracle builds on their existing Stargate collaboration


OpenAI has emerged as the company behind a $30 billion cloud deal with Oracle following several days of speculation.
According to reports from Bloomberg, the landmark deal will see OpenAI rent 4.5GW of capacity from Oracle in an expansion to the Project Stargate scheme.
Stargate is a joint venture backed by the US government to build out AI data center capacity across the United States, as well as other international locations.
Unveiled in January, the scheme includes support from SoftBank and aims to invest $500 billion in AI infrastructure over the next four years.
As part of the recently-confirmed deal, Oracle will take the lead on the development of a series of data centers across the country, Bloomberg noted.
This will include an extension to the company’s existing data center campus in Abilene, Texas, taking the site from 1.2GW to 2GW.
Separate reports from the Financial Times also point to development projects in a raft of other states, with Michigan, Wyoming, Georgia, Ohio, and Pennsylvania all touted as possible locations.
Sign up today and you will receive a free copy of our Future Focus 2025 report - the leading guidance on AI, cybersecurity and other IT challenges as per 700+ senior executives
OpenAI confirmation follows days of speculation
The reports bring to a close several days of speculation over a mystery customer Oracle had secured.
Earlier this week, the cloud computing giant revealed it had signed a landmark deal worth $30 billion in annual revenue, commencing from 2028 onward - yet the customer in question wasn’t named.
The announcement from Oracle, detailed in its Q4 2025 earnings statement, sparked conflicting reports, with some touting OpenAI alongside social media giant TikTok.
“Oracle is off to a strong start in fiscal year 2026,” said CEO Safra Catz in an SEC filing on Monday.
“Our multi-cloud database revenue continues to grow at over 100 percent, and we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in fiscal year 2028.”
For context, $30 billion in annual revenue for the firm’s database segment is double the current size of its cloud business, which stood at $24.4 billion in revenue for the fiscal year.
Larry Ellison, chairman and CTO of Oracle, fueled further speculation during an earnings call where he said the customer “could be in Europe, could be in Asia”.
Make sure to follow ITPro on Google News to keep tabs on all our latest news, analysis, and reviews.
MORE FROM ITPRO
- UK cloud infrastructure set for boost amid $5 billion Oracle investment
- Oracle can do for AI what it did for cloud
- AI agents are a dime a dozen right now – here’s what Oracle thinks it’s doing differently

Ross Kelly is ITPro's News & Analysis Editor, responsible for leading the brand's news output and in-depth reporting on the latest stories from across the business technology landscape. Ross was previously a Staff Writer, during which time he developed a keen interest in cyber security, business leadership, and emerging technologies.
He graduated from Edinburgh Napier University in 2016 with a BA (Hons) in Journalism, and joined ITPro in 2022 after four years working in technology conference research.
For news pitches, you can contact Ross at ross.kelly@futurenet.com, or on Twitter and LinkedIn.
-
Why DORA is bigger than just a financial sector compliance check box exercise
The EU’s landmark digital resilience legislation has issued a wake-up call for adopting a continuous approach to cybersecurity
-
Helping customers adopt a multi-cloud infrastructure and accelerate their modernization journey
Sponsored Content We outline what shifting to a subscription model means for your business
-
Alibaba targets European cloud gains with new AI strategy
News Alibaba Cloud has launched a new suite of AI solutions as part of a strategy to foster closer ties with European enterprises.
-
Global cloud spending might be booming, but AWS is trailing Microsoft and Google
News AWS might be the industry leader by market share, but sluggish growth in Q1 was eclipsed by Microsoft and Google
-
Crayon targets mid-market gains with expanded Google Cloud partnership
News The collaboration will enable mid-market channel partners to deliver Google Cloud’s AI technologies and cloud solutions
-
AI security and compliance concerns are driving a private cloud boom
News A new survey suggests AI workloads may be a serious motivation behind moving back to private cloud and on-premise infrastructure
-
Cloud breaches are surging, but enterprises aren’t quick enough to react
News The rise in cloud breaches has been attributed to a series of factors
-
Enterprises are keen on cloud repatriation – but not for all workloads
News A survey shows 97% of mid-market companies plan to repatriate some, but not all, workloads and apps
-
Reliance on US tech providers is making IT leaders skittish
News New research shows UK IT leaders want the government to take a stronger stance on sovereignty
-
TD Synnex named as UK distributor for Cohesity
News The agreement will provide stability and consistency for Veritas partners transitioning to Cohesity’s partner program, the distributor said