Key facts: Oracle signs $300B cloud deal with OpenAI; increases debt; uses Nvidia switches
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- Oracle has signed a significant cloud deal with OpenAI, involving a purchase of $300 billion in computing power over the next five years.1
- Oracle is increasing debt to fund capital projects, a trend seen in major tech firms amid worries about sustainable growth from artificial intelligence investments.2
- Oracle will utilize Nvidia's Ethernet switches in its AI factories to enhance the efficiency of its data center networks.3