OpenAI has signed a contract to purchase $300 billion in computing power over roughly five years from Oracle, among biggest in history, the Wall Street Journal reported on Wednesday.

Oracle cofounder, CTO and Executive Chairman Larry Ellison speaks during a news conference with President Trump at the White House on Jan. 21 in Washington, D.C. (Andrew Harnik/Getty Images) Oracle ...

Oracle's shares soared over 40% on Wednesday before slipping slightly, boosting co-founder Larry Ellison's fortune beyond the Tesla CEO's wealth for a few hours. In a stunning few minutes after ...

Last week, it was reported that OpenAI is paying Broadcom $10bn to make custom AI chips. OpenAI has reportedly signed a $300bn contract with Oracle to purchase the company’s computing power over a ...

The market rally slowed on Wednesday with most stocks ending the day lower–yet the S&P 500 managed to clinch another record. The S&P 500 ended 0.3% higher, building on its high from Tuesday. The ...

Oracle shares surged about 43 percent to a record high on Wednesday, putting the company on track to join the elite trillion-dollar club and propelling co-founder Larry Ellison closer to the top of ...

Larry Ellison has grown $200 billion richer this year thanks to Oracle's stock surge. Oracle shares soared 42% on Wednesday after the software giant projected big revenue growth. The one-day surge ...

Oracle's stock surge has pushed co-founder Larry Ellison's net worth higher by tens of billions of dollars the last two days and puts him ahead of Tesla CEO Elon Musk as the richest person in the ...

Larry Ellison became over $110 billion richer on Wednesday, a day after Oracle , the software company he helped to start in 1977, issued dramatic cloud growth projections for the next five fiscal ...

OpenAI signed a contract with Oracle ORCL-1.71%decrease; red down pointing triangle to purchase $300 billion in computing power over roughly five years, people familiar with the matter said, a massive ...

Oracle (ORCL) stock jumped over 36% Wednesday to a new record close after the software giant said its AI-fueled cloud revenue is set to jump to $144 billion by its 2030 fiscal year. That marks a ...

Elon Musk briefly lost his title of “world’s richest person” title to Oracle cofounder Larry Ellison. Ellison’s wealth jumped by $89 billion to $383.2 billion on Wednesday after Oracle’s stunningly ...