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Oracle affirms unchanged financial and infrastructure relationship with OpenAI
Tuesday, February 3, 2026 at 04:52 AM
Oracle has clarified that the recent agreement between NVIDIA and OpenAI does not change its existing financial and infrastructure relationship with OpenAI. The company continues to provide the computing capacity required for OpenAI's development needs.
Context
On February 2, 2026, Oracle affirmed that its financial and infrastructure relationship with OpenAI remains unchanged despite reports of a stalled $100 billion investment deal between Nvidia and the AI startup. The cloud provider confirmed that its landmark $300 billion multi-year contract to supply massive computing power is unaffected by shifts in Nvidia’s investment strategy. This reassurance coincided with Oracle's announcement of plans to raise between $45 billion and $50 billion in 2026 through debt and equity to fund its aggressive data center expansion.
Investors are closely monitoring these developments as Oracle navigates a $100 billion debt load and high capital intensity. While management expressed "high confidence" in OpenAI’s ability to meet its commitments, the public clarification initially triggered a 2.8% decline in Oracle shares as the market weighed the company's financial exposure. This infrastructure buildout is essential for Oracle to support a reported $523 billion AI backlog and secure its position against hyperscale rivals in the global supply chain.
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