Oracle is negotiating a multi-year cloud computing deal with Meta worth about $20 billion, highlighting the social media giant’s push to secure faster access to computing power.
Under the deal, the company would supply Meta with computing resources to train and deploy AI models, supplementing its current cloud partners. Oracle delivers comprehensive cloud solutions and offers versatile deployment options, positioning itself to meet a wide spectrum of customer requirements.
The potential agreement follows a Wall Street Journal report from last week that revealed OpenAI had signed a contract to acquire about $300 billion worth of computing power from the company over five years—one of the largest cloud deals ever recorded.
The software company has also partnered with Amazon, Alphabet, and Microsoft, allowing their cloud customers to run Oracle Cloud Infrastructure alongside native services. Revenue from these collaborations surged more than sixteen times in the first quarter.
Just last week, Oracle announced four multi-billion-dollar contracts, reflecting a broader industry trend—driven by players like OpenAI and xAI—toward massive investments in computing capacity to maintain a competitive edge in the AI race.
The enterprise software giant stated that it anticipates securing several more multi-billion-dollar clients in the coming months and projected that booked revenue from its Oracle Cloud Infrastructure (OCI) business will surpass $500 billion.
