5 ms·

Oracle signed $30B per year cloud deal with mystery customer

26 points by gk1 1y ago

slater 1y ago
So... US govt, Apple, or some A.I. bs?
runako 1y ago
TikTok?
- nijave 1y ago
  My thoughts--especially given recent announcement about a TikTok dealing being made https://www.bbc.com/news/articles/c20nqdl5ydjo https://www.bbc.com/news/articles/c20nqdl5ydjo
saubeidl 1y ago
I bet it's ICE.
- black_13 1y ago
  [dead]
morgango 1y ago
https://archive.is/AYech https://archive.is/AYech
Havoc 1y ago
My money is on Apple both for GPU and storage (they've allegedly got a couple exabyte on GCP).
v5v3 1y ago
Found a link with more info: https://www.msn.com/en-us/money/topstocks/oracle-stock-jumps-as-ceo-touts-new-cloud-deals-analyst-upgrades-to-buy/ar-AA1HHksE https://www.msn.com/en-us/money/topstocks/oracle-stock-jumps... "...its chief executive touted the tech giant's recent success in landing cloud services agreements, including one that will reach more than $30 billion in revenue by 2028 Oracle Chief Executive Safra Catz said in a regulatory filing early Monday that... we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in fiscal year 2028,"
- toomuchtodo 1y ago
  OpenAI/Stargate https://www.bloomberg.com/news/articles/2025-07-02/oracle-openai-ink-stargate-deal-for-4-5-gigawatts-of-us-data-center-power https://www.bloomberg.com/news/articles/2025-07-02/oracle-op... | https://archive.today/gvMpg https://archive.today/gvMpg
- v5v3 1y ago
  So the $30bn annual revenue (not profit) deal starts sometime after April 2028. Which sounds like it may be for the new Oracle/SoftBank/OpenAi datacentre that is being opened?
sameermanek 1y ago
palantir contract to track every american?
yvoniz 1y ago
The mystery customer goes to a different school...thats why we haven't heard of them
- jsnell 1y ago
  You seem to be either implying the deal doesn't actually exist, or that it is with some entity that won't actually be able to meet the commitment. The former would be outright fraud. The latter would be a really bad idea on Oracle's side; being able to actually serve that contract will require a huge amount of capex spenditure, and that spending needs to start pretty much right now. They're not taking the liability of that build-out without having confidence in the customer actually paying in three years.
7e 1y ago
Oracle Cloud only wins deals by making them zero margin or even unprofitable for them. It’s then only way they can compete against more established competitors with better tech and non-asshole business practices.
tonyedgecombe 1y ago
Some poor guy mistakenly downloaded the Oracle build of Java.

26 points by gk1 1y ago

slater 1y ago

So... US govt, Apple, or some A.I. bs?

runako 1y ago

TikTok?

nijave 1y ago
My thoughts--especially given recent announcement about a TikTok dealing being made https://www.bbc.com/news/articles/c20nqdl5ydjo https://www.bbc.com/news/articles/c20nqdl5ydjo

saubeidl 1y ago

I bet it's ICE.

black_13 1y ago
[dead]

morgango 1y ago

https://archive.is/AYech https://archive.is/AYech

Havoc 1y ago

My money is on Apple both for GPU and storage (they've allegedly got a couple exabyte on GCP).

v5v3 1y ago

Found a link with more info: https://www.msn.com/en-us/money/topstocks/oracle-stock-jumps-as-ceo-touts-new-cloud-deals-analyst-upgrades-to-buy/ar-AA1HHksE https://www.msn.com/en-us/money/topstocks/oracle-stock-jumps... "...its chief executive touted the tech giant's recent success in landing cloud services agreements, including one that will reach more than $30 billion in revenue by 2028 Oracle Chief Executive Safra Catz said in a regulatory filing early Monday that... we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in fiscal year 2028,"

toomuchtodo 1y ago
OpenAI/Stargate https://www.bloomberg.com/news/articles/2025-07-02/oracle-openai-ink-stargate-deal-for-4-5-gigawatts-of-us-data-center-power https://www.bloomberg.com/news/articles/2025-07-02/oracle-op... | https://archive.today/gvMpg https://archive.today/gvMpg
v5v3 1y ago
So the $30bn annual revenue (not profit) deal starts sometime after April 2028. Which sounds like it may be for the new Oracle/SoftBank/OpenAi datacentre that is being opened?

sameermanek 1y ago

palantir contract to track every american?

yvoniz 1y ago

The mystery customer goes to a different school...thats why we haven't heard of them

jsnell 1y ago
You seem to be either implying the deal doesn't actually exist, or that it is with some entity that won't actually be able to meet the commitment. The former would be outright fraud. The latter would be a really bad idea on Oracle's side; being able to actually serve that contract will require a huge amount of capex spenditure, and that spending needs to start pretty much right now. They're not taking the liability of that build-out without having confidence in the customer actually paying in three years.

7e 1y ago

Oracle Cloud only wins deals by making them zero margin or even unprofitable for them. It’s then only way they can compete against more established competitors with better tech and non-asshole business practices.

tonyedgecombe 1y ago

Some poor guy mistakenly downloaded the Oracle build of Java.