Open agreed to pay oracle $ 30b per year for the data center services

Opening was the company that has signed a $ 30 billion for the year for the oracle for the data center services, disclose last month The Wall Street Journal reported Monday. Now, Open CEO SAM altman confirmed the contract details (but not the amount of dollar) in a post x Tuesday and in A blog’s place.

To remind you, June 30, Oracula disclosed in a sec-sec that had signed a cloud tract that generates $ 30 billion to the year in income. However, the company did not say who was with or for which services. The spread news making the stock of oracle to hit a tall time, make his founder and cto, larry, the second person greed in the world, According to Bloomberg.

Speculation on the identity The customer followed as people asked which company could require a $ 30 billion a year in the data center services. For comparison, clouding oracles collected $ 24.5 billion cloud services in its 2025 cipal to all combined customers, has reported In June.

Openi has now explained that this tract oracle is for 4.5 gigabatts as a result of the construction project of $ 500 Billion, Oracle, and softbank advertised in January. (Apparently, the treatment of $ 30 billion does not involve softbank.)

The WSJ Reports 4.5 GigAwatts is the equivalent of two damy Hoover, enough power for about four million homes.

This is not a direct victory for Oracle. Open and the Oracle also have to build this monster data center, that will be costly effort, both in cash and energy. They do that to what opened call the Stargate site in Abilene, Texas.

Meanwhile, Oracle spent $ 21.2 billion on capital expenses in their last fiscal year, CEO Safa Caz reported in Juneand look forward to spending another billion $ 25 billion this year he said. So, almost $ 50 billion past the wildlights on the data centers (and this does not included ground purchase, said) in two years. Even if you are clear, that money also existing clients of oracle, in addition to the open questions.

A final part interesting to note all this: Last month, Altman said that open Recently hit $ 10 billion In the recurring annual recovery, up to about $ 5.5 billion last year. This set of oracle oracle is already triple for year what is currently act in and not exit the company of the company’s company, including their current center of data.