Oracle, a big tech company, is working on a super exciting project called Stargate! It's a huge effort to build powerful computers for artificial intelligence (AI). Think of it as building a giant brain for computers to learn even faster.
- Stargate will cost around $500 billion over five years and use lots of super-fast computer parts.
- It involves many companies, including Nvidia, OpenAI, and SoftBank.
- Oracle hopes Stargate will boost its cloud business, which rents out computing power to other companies.
- Oracle's stock price went up when Stargate was announced but has recently gone down.
| Fact | Number |
|---|---|
| Estimated Stargate cost | $500 billion |
| GPUs in first data center | 64,000 |
| Oracle's Q3 sales contracts | >$48 billion |
| Oracle's projected sales growth (fiscal 2027) | 20% |
