Oracle says there have been ‘no delays’ in OpenAI arrangement
Oracle CEO Clay Magouyrk embarks on a media tour of the Stargate AI data center in Abilene, Texas, on September 23, 2025.
Kyle Grillot | Bloomberg | Getty Images
Seer On Friday, he disputed a report that said the company would complete data centers for OpenAI, one of its largest customers, in 2028 instead of 2027.
According to the statement made on Friday, the delay was due to labor and material shortages. report From Bloomberg, citing unnamed people. Oracle shares fell 6.5% from Thursday’s close to a session low of $185.98.
“Site selection and delivery timelines were established and jointly agreed upon in close coordination with OpenAI upon signing the agreement,” an Oracle spokesperson said in an email to CNBC. “There have been no delays to any facilities required to meet our contractual commitments and all milestones are on track.”
An Oracle spokesperson did not specify a timeline for enabling cloud computing infrastructure for OpenAI. In September, OpenAI announced a partnership with Oracle worth more than $300 billion over the next five years.
“We have a good relationship with OpenAI,” Clay Magouyrk, one of Oracle’s two newly appointed CEOs, said at an analyst meeting in October.
Doing business with OpenAI is relatively new for 48-year-old Oracle. In the past, Oracle has grown through sales of database software and business applications. Its cloud infrastructure business now contributes more than a quarter of revenue, but Oracle remains a smaller hyperscaler than Oracle Amazon, Microsoft And Google.
OpenAI has also made commitments to other companies to meet expected capacity needs.
In September, Nvidia announced that it had signed a letter of intent with OpenAI to deploy at least 10 gigawatts of Nvidia equipment for its artificial intelligence initiative in San Francisco. The first phase of the project is expected to be completed in the second half of 2026.
Nvidia and OpenAI said in September: expression “They look forward to finalizing the details of this new phase of the strategic partnership in the coming weeks.”
But there has been no announcement yet.
“There is no assurance that we will enter into definitive agreements regarding the OpenAI opportunity,” Nvidia said in a filing in November.
OpenAI has relied on Nvidia graphics processing units to run ChatGPT and other products in the past, and is now considering designing custom chips. broadcom.
Broadcom CEO Hock Tan on Thursday laid out a timeline for the OpenAI study announced in October. Broadcom and OpenAI said they signed a term sheet.
“More like 2027, 2028, 2029, 10 gigawatts, that was the OpenAI discussion,” Tan said on Broadcom’s earnings call. “And that’s what I call an agreement, an alignment of where we’re going with OpenAI, which is a very respected and valued customer. But we don’t expect much in 2026.”
OpenAI declined to comment.
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