2025-09-23, compute commitment
Disclosed: $300bn
Committed: undisclosed
Basis: announced ceiling
Confidence: high
Term: 5 years
SoftBank Group, 2025-09-24
The OpenAI, Oracle and SoftBank release on five new Stargate sites stated that the July 2025 OpenAI and Oracle agreement for up to 4.5 gigawatts exceeds 300 billion US dollars over five years. No closed amount was disclosed.
coreweave>openai>oracle>nvidia
CoreWeave issued $350M of its stock to OpenAI on 2025-03-10, closed and committed in full. Oracle's GPU purchase from NVIDIA was reported at $40B on 2025-05-23. NVIDIA announced a compute commitment to CoreWeave with a $6.3B ceiling on 2025-09-15, and OpenAI one to Oracle with a $300B ceiling on 2025-09-23. The committed amounts of those three are undisclosed.
Closed on 2025-09-23
nvidia>openai>oracle
Oracle's GPU purchase from NVIDIA was reported at $40B on 2025-05-23. NVIDIA announced a letter of intent on 2025-09-22 to invest up to $100B of equity in OpenAI, and on 2025-09-23 OpenAI's compute commitment to Oracle was put at a $300B ceiling over five years. The committed amount on all three links is undisclosed.
Closed on 2025-09-23
amazon>openai>oracle>nvidia>anthropic
Oracle's GPU purchase from NVIDIA was reported at $40B on 2025-05-23. OpenAI's compute commitment to Oracle was put at a $300B ceiling over five years on 2025-09-23; NVIDIA announced up to $10B of equity in Anthropic on 2025-11-18, Amazon $50B of equity in OpenAI on 2026-02-27, and Anthropic a $100B compute commitment to Amazon on 2026-04-20. No committed amount is disclosed.
Closed on 2026-04-20