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14:11

Tether Data launches the large language model framework QVAC Fabric

Golden Finance reports that Tether Data has announced the launch of the large language model framework QVAC Fabric, enabling users to execute, train, and personalize large language models directly on everyday hardware, including consumer-grade GPUs, laptops, and even smartphones. Tasks that previously required high-end cloud servers or NVIDIA dedicated systems can now be accomplished on devices that users already have. It is reported that the model supports training on a variety of GPUs, including AMD, Intel, NVIDIA, Apple Silicon, and mobile chips.
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11:54

Aethir releases a strategic roadmap for the next 12 months to accelerate the rise of global enterprise-level AI Computing Power business.

Odaily News Decentralization GPU cloud computing platform Aethir officially announced its strategic roadmap for the next 12 months, focusing on global GPU infrastructure expansion, chain migration, strategic computing power reserve (SCR) implementation, developer ecosystem upgrades, and institutional-level computing power access, among other directions. The roadmap highlights include: Q4 2025: Expanding GPU inventory (H200/B200/B300), promoting more enterprise computing power contracts, and releasing RWA financial solutions and the 2025 annual review. Q1 2026: Launching Aethir v2 Mainnet, Proof-of-Compute upgrade, ATH Vault enhancement, Cloud Credits API release, and officially completing chain migration. Q2 2026: Strategic computing power reserve welcomes opportunities.
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ATH9.7%
03:36

Swiss encryption bank Amina Bank has completed DLT settlement testing conducted through Google Cloud.

ChainCatcher news, Swiss crypto bank Amina Bank has recently completed a pilot project using Distributed Ledger Technology (DLT) in collaboration with Crypto Finance Group and its partner banks through Google Cloud Universal Ledger: enabling fiat settlement between regulated banks in Switzerland, achieving near real-time, 24/7 availability. The pilot did not introduce any new digital money, but instead continued to use traditional commercial bank funds, demonstrating that DLT technology can seamlessly integrate with existing banking systems within the current regulatory and compliance framework. Officials stated that this achievement lays the foundation for future promotion of "cross-border payments," "multi-currency settlements," and "physical point of sale (POS) integrated payments," suggesting that the TradFi system may be on the verge of a transformation.
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15:23

Google has reached a protocol with cloud service provider Fluidstack.

According to reports from Jinse Finance and The Information, Google is actively expanding its TPU market, including reaching a protocol with cloud service provider Fluidstack: if Fluidstack fails to pay the rent for the new data center in New York, Google will provide a guarantee of up to $3.2 billion.
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02:59

Jen-Hsun Huang emphasizes that NVIDIA GPUs are hard to replace and is not afraid of market competition.

Jin10 reports that there has been an increasing buzz in the market about Google's (GOOG.O) self-developed TPU, raising concerns about its impact on NVIDIA's market share in AI chips. NVIDIA CEO Jen-Hsun Huang stated that the AI market is vast and growing rapidly, with competition occurring daily, and NVIDIA must "run faster." He emphasized that NVIDIA's positioning is "very unique and solid," with a core focus on the high versatility of its GPUs and platform, which can be deployed in major cloud environments and is currently the only system capable of running all AI models. Regardless of customer needs, NVIDIA can provide complete solutions.
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07:31

Bitunix Analyst: Fed Research Report - Third-party Supply Chain Becomes a New Fault Line in Financial Stability, Systemic Risk Enters a Quantifiable Stage

According to BlockBeats news on November 27, the latest research released by the Fed shows that the top 100 banks in the United States and 100 non-bank financial institutions (NBFIs) have a high concentration risk at the "third-party service provider" level. If key cloud, payment, or core IT service providers experience a failure, it will quickly evolve into a cross-market systemic event. The model indicates that in extreme scenarios, the tail losses caused by systemic incidents could far exceed normal operational risks, with operational disruptions becoming the main source of loss rather than traditional credit events. From a macro-financial perspective, this study quantitatively confirms for the first time that "digital infrastructure failure" itself can trigger a financial crisis, rather than being merely an accompanying risk. When critical third-party nodes fail, it will simultaneously impact payment clearing, liquidity allocation, credit transmission, and risk hedging mechanisms, rapidly increasing the value of the dollar in the short term.
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BTC6.86%
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06:59

Amina Bank, a Swiss bank, explores instant fiat settlement through Google Cloud's universal ledger.

Swiss Amina Bank and the Crypto Finance Group under Deutsche Börse have successfully completed a pilot for real-time fiat Settlement on Google Cloud's universal ledger, validating the application potential of Distributed Ledger technology in cross-border payments and multi-currency Settlements, while complying with existing regulatory standards. This move provides a practical model for the transformation of the financial system.
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08:28

Zhongshan Securities raises the target price for Google's parent company Alphabet, optimistic about its monetization potential in AI and cloud business.

According to a report by China Merchants Securities International, Google Cloud has secured a NATO AI cloud contract, which will provide a dedicated secure cloud system and utilize AI to enhance operational efficiency. At the same time, Google is competing for TPU orders with Meta, showcasing its market opportunities. Investor concerns about Google may ease, maintaining a "buy" rating with a target price raised to $390.
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01:14

ICNT (Impossible Cloud Network) has pumped 21.27% in the last 24 hours.

Gate News Bot message, on November 26, according to CoinMarketCap, as of the time of writing, ICNT (Impossible Cloud Network) is currently priced at $0.25, having risen 21.27% in the last 24 hours, with a high of $0.28 and a low of $0.17. The current market capitalization is approximately $41.5 million, an increase of $7.29 million compared to yesterday. ICNT is currently ranked 499th in the global Crypto Assets market capitalization. Impossible Cloud Network is building the world's largest AI data center network. This network provides users with instant access to high-performance, enterprise-grade, AI-supported infrastructure, covering major global markets such as Europe, the United States, and Asia. ICN is committed to providing bare metal services to customers while also welcoming operators to contribute bare metal resources. ICN
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ICNT10.61%
11:49

Alibaba's U.S. stock pre-market rise exceeds 5%

Golden Finance reports that Alibaba's US stocks rose over 5% before the market opened. The company's second quarter revenue exceeded expectations, with strong performance continuing in its two core businesses, AI + Cloud and Consumer.
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10:46

Alibaba's Q2 revenue exceeded expectations but profit was disappointing, Ant Group's profit increased by 10.3% year-on-year.

PANews, November 25 news, according to Jin10 reports, Alibaba (09988.HK) reported that its revenue for the second fiscal quarter of FY2026 reached 247.795 billion yuan, a year-on-year rise of 4.8%, exceeding market expectations. The cloud intelligence revenue of 39.82 billion yuan was higher than estimated, and Ant Group's profit reached 8.37 billion yuan, a year-on-year increase of 10.3%. However, the adjusted net profit was 10.35 billion yuan, lower than the expected 16.8 billion yuan, with earnings per ADS of 4.36 yuan also falling short of expectations. The company stated that it will continue to increase investments in AI and consumer sectors, and short-term profits will fluctuate.
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10:09

Meta is considering using Google TPU chips for its data centers in 2027, NVIDIA ( NVDA ) stock price fell in pre-market.

In pre-market trading on Tuesday, Nvidia's stock price fell by 3.2%, following reports that Meta is in talks to use Google's AI chips. Boosted by this news, Alphabet's stock price rose by 2.1%, as investors digest the potential shift in the AI hardware landscape. The Information reported on Monday that Meta is considering deploying Google's Tensor Processing Units (TPUs) in its data centers before 2027. The social media giant may rent TPUs from Google Cloud as early as next year.
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05:44

FIL (Filecoin) fell 5.28% in the last 24 hours.

Gate News Bot news, on November 21st, according to CoinMarketCap data, as of the time of writing, FIL (Filecoin) is currently priced at $1.77, having fallen by 5.28% in the last 24 hours, with a high of $2.19 and a low of $1.75. The 24-hour volume reached $281 million. The current market capitalization is approximately $1.274 billion, a decrease of about $71.0136 million compared to yesterday. FIL is currently ranked 55th in the Crypto Assets market capitalization leaderboard. Recent important news about FIL: 1️⃣ **Filecoin Onchain Cloud platform officially launched** The Filecoin Foundation launched the Filecoin Onchain Cloud platform on November 18 with ecosystem contributors. This platform
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FIL5.75%
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23:10

NVIDIA's AI revenue and outlook both exceeded expectations, and Jen-Hsun Huang candidly stated that they got liquidated.

PANews, November 20 news, NVIDIA (NVDA.O) has just announced its Q3 fiscal performance, with chip sales at the core of the AI boom growing faster than Wall Street expectations. The company also provided a strong revenue forecast for the quarter, leading investors to believe that the AI investment frenzy will continue. Its Q3 financial report shows that the company's revenue in the third quarter was $57 billion, a year-on-year increase of 62%. Among them, data center revenue was $51.2 billion, exceeding the expected $49 billion. Additionally, its revenue outlook for the fourth quarter is about $65 billion, far higher than the analysts' average estimate of $61.6 billion. After the financial report was released, NVIDIA (NVDA.O) saw its stock price rise over 4% in after-hours trading. NVIDIA CEO Jen-Hsun Huang stated, "Blackwell's sales are off the charts, and cloud GPUs are completely sold out." Previously, Huang had downplayed concerns about an AI bubble.
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09:35

Panic sentiment in European stock markets is rising, and the Volatility index has reached a recent high.

According to ChainCatcher news, reported by Jin10, under the cloud of risk aversion, market risk appetite has sharply cooled, and almost all asset classes are under pressure. The volatility index of the Eurozone stock market - the Euro Stoxx Volatility Index rose by 2.4 points to 22.6, reaching the highest level since the big dump of U.S. regional banks in mid-October, although this index is still far below the high of 53.5 set in April.
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04:46

ZetaChain partners with Alibaba Cloud to launch a "General AI" co-learning Hackathon, offering up to $200,000 in ecosystem funding.

ZetaChain partners with Alibaba Cloud to launch the "Universal AI" co-learning hackathon, aimed at developers in the Asia-Pacific region, with the goal of exploring the integration of AI and Blockchain, offering a $200,000 ecosystem grant. The event includes co-learning camps and an online hackathon, encouraging the development of smart applications and promoting Web3 innovation.
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ZETA6.4%
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02:18

FIL (Filecoin) has pumped 10.49% in the last 24 hours, and Filecoin Onchain Cloud will be released on November 19.

Gate News Bot message, on November 18, according to CoinMarketCap data, as of the time of writing, FIL (Filecoin) is currently priced at $2.16, with a rise of 10.49% in the last 24 hours, reaching a high of $2.35 and a low of $1.88. The 24-hour volume is $630 million. The current market capitalization is approximately $1.554 billion, an increase of $148 million from yesterday. FIL is currently ranked 48th in global crypto assets market capitalization.
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FIL5.75%
04:12

Play Solana(PLAYSOLANA) stake activity will be launched on Gate, stake USDT, GT or PLAYSOLANA to share 3.75 million PLAYSOLANA.

Gate News bot message, according to the official announcement from Gate on November 17, 2025: Gate will open the 341st Launchpool project from 17:00 on November 17, 2025, to 17:00 on December 1, 2025, ( UTC+8 during which the project will be Play Solana )PLAYSOLANA(. Users can participate in mining by staking USDT, GT, and PLAYSOLANA, with a total reward pool of 3.75 million PLAYSOLANA tokens. This Launchpool period has set a lock-up limit mechanism for the USDT staking pool based on the total trading volume over 60 days. At the same time, it offers a 100 USDT position experience voucher benefit for new users, limited to users who register after November 10, 2025. PLAYSOLANA is a project focused on the field of AI computing, dedicated to providing a complete solution covering AI computing infrastructure, AI cloud, foundational models, and AI-driven terminal applications. Currently, it has developed two major platforms to support AI research and application deployment globally.
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GT5.6%
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02:30

Messari released the Filecoin Q3 report: utilization rose to 36%, capacity shrank to 3.0 EiB.

The Q3 2025 report released by Filecoin shows that network utilization has risen to 36%, total capacity has decreased to 3.0 EiB, and fees have increased by 14% compared to the previous month. Active storage volume has slightly decreased by 1%, and the average daily new volume of transactions has dropped by 19%. Onchain Cloud will be launched on November 19, focusing on the construction of decentralized cloud infrastructure.
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FIL5.75%
13:50

Applied Digital will raise $2.35 billion through the issuance of senior secured notes.

Golden Finance reports that Applied Digital, a Bitcoin mining custody and cloud services company listed on Nasdaq, has announced that it will issue senior secured notes to raise $2.35 billion through its subsidiary APLD ComputeCo LLC. This issuance will be conducted via a private sale and is expected to be completed around November 20, 2025, depending on market and other conditions. The new funds will be used for the construction of its data center campus.
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BTC6.86%
02:43

Planck(PLANCK) stake Mining event log in to Gate, stake ETH or PLANCK to share 200,000 Token rewards.

Gate News bot message, according to the announcement from Gate platform on November 14, 2025. Gate will launch the 340th phase of the Launchpool project Planck (PLANCK) token airdrop event. The total amount of this airdrop is 200,000 PLANCK, and the event will take place from November 14, 2025, 17:00 to November 21, 17:00 ( UTC+8 ). Users can participate by staking ETH or PLANCK, and the rewards will be 100% unlocked. The participation amount in the ETH staking pool will be determined based on the user's total trading volume over 60 days, calculated including spot trading volume, contract trading volume ( with a weight of 40% ), and options trading volume ( with a weight of 5% ). The system will distribute token rewards every hour according to the proportion of the user's staked assets. Planck is a project dedicated to creating AI computing solutions, primarily providing AI computing infrastructure, AI cloud services, foundational models, and AI-driven end applications. It has currently developed two major platforms to support global AI research and application implementation.
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PLANCK-9.83%
ETH8.23%
06:47

Walnut Capital Limited announced a strategic investment in EdgeAI Labs to promote the development of Decentralization AI and Edge Computing technology.

ChainCatcher news, Walnut Capital Limited (stock code: 0905.HK) has announced a significant strategic investment in EdgeAI Labs. This collaboration will accelerate the development of EdgeAI Labs' Decentralization platform, expand its global influence, and enable the company to provide more scalable and secure AI solutions for global developers, enterprises, and individual users. With the increasing demand for Decentralization AI and edge computing solutions, EdgeAI Labs has a unique advantage in meeting this demand with its excellent technology. This investment will support the company's mission to provide AI agents that can securely run on user-owned devices, reducing reliance on centralized cloud infrastructure while ensuring data privacy and security. The cooperation with Walnut Capital Limited also highlights the Decentralization infrastructure.
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13:44

Morgan Stanley releases Tesla stock analysis: Four factors that long-term catalyze Tesla's valuation and technological leadership

BlockBeats News, November 12th, Morgan Stanley released a stock price analysis for Tesla over the next 6-12 months, stating that besides Elon Musk's $1 trillion compensation plan, several factors will influence Tesla's stock price in the coming year: - xAI Association: Tesla's relationship with Musk's AI startup xAI is crucial both financially and strategically, as they share data and software synergy; - Full Self-Driving (FSD): Musk claims that version 14.3 will allow drivers to "send texts while driving," marking a significant milestone in algorithmic driving; - Chip Manufacturing: Musk hinted that Tesla might build its own chip factory to ensure AI supply and strengthen vertical integration; - AI Network Vision: Tesla could convert idle vehicles into a distributed AI cloud, forming a massive "cluster" intelligent network. Morgan Stanley states
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21:34

Benchmark analyst reaffirms a buy rating on Bitdeer with a target price of $38.

Golden Finance reports that the stock price of Bitcoin miner Bitdeer Technologies Group (stock code BTDR) has fallen over 30% this week, dropping from slightly above $23 on Monday morning to about $16 on Tuesday. The company's third-quarter earnings failed to meet investors' expectations for significant artificial intelligence infrastructure upgrades, leading to a continued downward trend in the stock price for nearly a month. Despite this, Benchmark analyst Mark Palmer reaffirmed a buy rating and a target price of $38. In a stock report released on Tuesday, he noted that the sell-off "seems to reflect overly high investor expectations rather than any deterioration in the company's fundamentals." Palmer stated that Bitdeer's fundamentals remain solid in self-mining, hosting, and cloud services, with revenue increasing by 174% year-over-year.
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BTC6.86%
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08:16

BLESS 24-hour increase of 31.08%

Gate News Bot message, November 11th, according to CoinMarketCap data, at the time of press, BLESS (Bless) is currently priced at $0.04, up 31.08% in the past 24 hours, with a high of $0.06 and a low of $0.03. The current market cap is approximately $70.1 million, an increase of about $16.6 million from yesterday. Recent important news about BLESS: 1️⃣ **Bless Network Mainnet Launching Soon** The Bless network mainnet is about to launch, providing a new alternative for decentralized cloud computing. The mainnet launch marks Bless's official entry into operational phase, expected to offer users more stable and efficient shared computing services. This significant milestone could be one of the main factors driving the BLESS token price upward.
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BLESS1.27%
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01:59

STORJ (Storj) increased by 23.14% in the last 24 hours.

Gate News Bot Message: On November 7th, according to CoinMarketCap data, STORJ (Storj) is currently priced at $0.18. It has increased by 23.14% over the past 24 hours, reaching a high of $0.19 and a low of $0.14. The current market capitalization is approximately $77.2 million, up $14.5 million from yesterday. Storj is a decentralized cloud storage and computing platform that offers users fast, secure S3-compatible object storage services. The platform reduces costs and mitigates regional risks through automatic replication and global data distribution, while ensuring high data durability using zero-trust and zero-knowledge principles. Storj’s architecture guarantees excellent performance from anywhere and can quickly scale to meet business needs. Recent important news about STORJ: 1️⃣ **I**
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STORJ5.82%
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01:02

FIL (Filecoin) increased by 54.80% in the past 24 hours.

Gate News Bot Report: As of November 7th, according to CoinMarketCap data, Filecoin (FIL) is trading at $2.13. It has surged 54.80% in the past 24 hours, reaching a high of $2.22 and a low of $1.28. The 24-hour trading volume is $949 million. The current market capitalization is approximately $1.508 billion, up $534 million from yesterday. Filecoin is a decentralized storage network designed to store humanity’s most important information. It is an open-source cloud storage marketplace, protocol, and incentive layer. Recent key news about FIL: 1️⃣ **Market Sentiment Turns Positive, Driving a Significant Rise in FIL** The price of FIL surged 54.80% within 24 hours, quickly climbing from a low of $1.28 to $2.13. This strong rebound reflects
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FIL5.75%
16:23

According to reports, Google is planning to increase its investment in Anthropic, a competitor to OpenAI, with the company's valuation potentially exceeding $350 billion.

Odaily Planet Daily reports that sources have revealed Google is currently in preliminary discussions to significantly increase its investment in AI startup Anthropic. Media outlets suggest that after a new funding round, Anthropic's valuation could exceed $350 billion. The sources added that this potential new agreement is still under negotiation and could take various forms, including a priced funding round early next year, issuing convertible bonds, or strategic investments—such as Google providing more cloud computing services to Anthropic. A few weeks ago, the two companies announced an agreement under which Google would supply up to 1 million dedicated AI chips to the emerging AI company Anthropic PBC. This arrangement provides Anthropic with more powerful computing resources and further solidifies Google's leading position in the AI space.
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01:38

BitFuFu: In October, the Bitcoin production was 253 BTC, and the total BTC holdings were 1953 BTC.

PANews, November 5th news, according to Globenewswire, Bitcoin mining company BitFuFu released its unaudited production and mining operation updates for October 2025. Its Bitcoin output for October 2025 was 253 BTC, of which cloud mining output was 223 BTC, and self-mining output was 30 BTC. The total Bitcoin holdings were 1953 BTC, a decrease of 6 BTC compared to September 30, 2025. As of October 31, 2025, the total managed hashrate was 30.5 EH/s, a month-on-month decrease of 15.3%.
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BTC6.86%
06:27

Capx AI: Mainnet will launch on November 4th.

Capx AI launched its Mainnet on November 4, introducing Capx SuperApp, Capx Cloud, and Capx Chain, aimed at supporting the token issuance and trading of AI applications. Capx Cloud ensures security and supports AI deployment, while SuperApp integrates various applications. Previously, the project completed a $3.14 million seed round financing.
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06:38

ICNT(Impossible Cloud Network)24 hours pump 16.24%

Gate News Bot message, November 3, according to CoinMarketCap data, as of the time of writing, ICNT( Impossible Cloud Network ) is currently priced at $0.31, with a rise of 16.24% in the last 24 hours, reaching a high of $0.34 and a low of $0.18. The current market capitalization is approximately $52 million, an increase of $7.26 million compared to yesterday. Impossible Cloud Network(ICN) is developing the foundational layer of the next-generation internet. Unlike centralized tech giants, ICN introduces a fully open, multi-service, permissionless, and composable cloud infrastructure that integrates storage, computing, and networking on a large scale. Its enterprise-grade decentralized architecture ensures high performance, security, and resistance to censorship, making web3 as seamless as web2. ICN leverages real-world applications.
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ICNT10.61%
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01:10

ICNT(Impossible Cloud Network)24 hours pump 32.31%

Gate News Bot news, on October 31, according to CoinMarketCap market data, as of the time of writing, ICNT( Impossible Cloud Network ) is currently priced at $0.25, having risen 32.31% in the last 24 hours, with a peak at $0.26 and a low of $0.18. The current market capitalization is approximately $4.19 million, which is an increase of $1.02 million compared to yesterday. Impossible Cloud Network (ICN) is a decentralized cloud infrastructure network designed to provide a foundational layer for the next generation of the internet. ICN integrates storage, computing, and networking capabilities to deliver high-performance cloud services for enterprise-level applications. The project ensures network security and scalability through two types of nodes: HyperNode and ScalerNode. The goal of ICN is to create a
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ICNT10.61%
20:55

The AI boom drives the rise of cloud business, with Google's revenue soaring.

On October 30, Jin10 reported that Google’s parent company Alphabet (GOOG.O) announced its third-quarter performance, with revenue rising 16% year-on-year to a record $102.3 billion, exceeding analysts' expectations. Benefiting from the growth in digital advertising and cloud computing businesses, the company has provided ample funding for large-scale investments in artificial intelligence. The net profit was approximately $35 billion, a year-on-year increase of 33%. The company's stock price rose about 7% in after-hours trading. Like other tech giants, Google is investing hundreds of billions of dollars in AI research and development. The company has raised its capital expenditure forecast for this year to between $91 billion and $93 billion, a significant increase from $52.5 billion in 2024. Most of the funds will be used to build data centers for developing and operating AI models. Google’s cloud computing division has benefited significantly in the AI race, with revenue for this division reaching $15.2 billion this quarter, a year-on-year increase of 34%.
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14:29

TeraWulf collaborates with Fluidstack to develop a $9.5 billion AI data center

Bitcoin mining company TeraWulf has partnered with AI cloud platform Fluidstack to develop a 168 MW AI data center in Texas, receiving $1.3 billion in support from Google, and is expected to generate approximately $9.5 billion in revenue. TeraWulf holds a 51% stake, and the project is expected to be completed in 2026.
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BTC6.86%
21:56

The AI arms race continues as Anthropic seeks $10 billion in cloud service support.

Artificial intelligence company Anthropic is in talks with Google for a cloud computing service deal worth several billion dollars, aimed at increasing its computing power. The negotiations are currently in the early stages, and details may change. Anthropic recently completed a $13 billion funding round and is actively seeking more resources to keep up with AI competition.
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14:07

Inveniam Capital Partners Makes Strategic Acquisition of Storj Network

Gate News bot message, Inveniam Capital Partners has completed the acquisition of Storj, a decentralized cloud storage network with a $75 million market capitalization. The acquisition aims to strengthen the decentralized data infrastructure sector. Storj has established itself as a prominent player
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STORJ5.82%
05:16

ICNT (Impossible Cloud Network) rose 24.64% in the last 24 hours.

Gate News Bot news, on October 17, according to CoinMarketCap, as of the time of writing, ICNT (Impossible Cloud Network) is currently priced at $0.23, with a rise of 24.64% in the last 24 hours, reaching a high of $0.25 and a low of $0.10. The current market capitalization is approximately $38.7 million, an increase of $7.66 million compared to yesterday. Impossible Cloud Network (ICN) is developing the foundational layer of the next generation internet. ICN introduces a fully open, multi-service, permissionless, and composable cloud infrastructure that integrates storage, computing, and networking at scale. Its enterprise-grade distributed architecture ensures high performance, security, and censorship resistance, making web3 as seamless as web2. ICN is committed to becoming the foundational layer of the future internet.
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ICNT10.61%
19:07

Oracle CEO: OpenAI has the capability to bear an annual cost of 60 billion USD for cloud infrastructure services.

Jin10 data reported on October 14, according to CNBC, Oracle (ORCL.N) CEO Clay Magouyrk expressed confidence in OpenAI, believing that OpenAI has the capability to cover the costs of the substantial cloud infrastructure services it consumes. During an interview at the Oracle AI World Conference held on Monday, Magouyrk stated that OpenAI can "certainly" afford the $60 billion to purchase a year's worth of cloud resources. In July of this year, OpenAI reached a five-year agreement worth over $300 billion with Oracle. Magouyrk said, "Look at the rate at which they are rising, you know, almost a billion users. This is unprecedented."
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