Oracle sent its shares soaring after markets closed yesterday after reporting that it signed multiple multi-billion-dollar contracts with several customers. Now, we have an idea of who those customers might be.

Oracle signed a deal with OpenAI for the AI company to purchase $300 billion worth of compute power over a span of about five years, according to reporting from the Wall Street Journal . OpenAI would start purchasing this compute in 2027.

If the WSJ’s reporting is correct, this would be one of the largest cloud contracts ever signed. Oracle declined to comment. OpenAI did not respond to a request for confirmation or comment.

Oracle is no stranger to working with OpenAI. OpenAI started tapping Oracle for compute in the summer of 2024. The AI giant also moved further away f

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