What I Read This Week…
chamath.substack.com · 1,005 words · saved by 1 readers
Oracle entered their largest deals in its history with OpenAI and TikTok, Figure Exceeds $1B in Series C, and more.
Caught My Eye… 1) Oracle entered their largest deals in its history with OpenAI and TikTok. First, Oracle has locked in a $300 billion, five-year cloud infrastructure deal with OpenAI. This deal starts in 2027 as part of the previously announced Project Stargate data center building initiative. Under this deal, Oracle is committing to build out massive compute capacity to support OpenAI’s rapidly scaling model development and deployment. "We signed four multi-billion-dollar contracts with three different customers in Q1," said Oracle CEO, Safra Catz. As a result, its remaining performance…
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