Oracle clarifies ‘zero impact' from Nvidia-OpenAI deal amid layoff reports, cloud investment plans — Details

US-based technology giant, Oracle Corp., on Monday, 2 February 2026, issued a clarification via a social media post that the deal between other big tech giants like Nvidia and OpenAI has no impact on the company's financial relationship with the Sam Altman-led company.

The company also mentioned that it remains confident in OpenAI's ability to raise funds to meet its financial commitments in the $300 billion purchase order plan over the next five years.

“The NVIDIA-OpenAI deal has zero impact on our financial relationship with OpenAI. We remain highly confident in OpenAI’s ability to raise funds and meet its commitments,” said Oracle in a social media post on X.

This comes after the company is reportedly planning to cut up to 30,000 jobs to fund its AI data centre plans. Oracle also announced that it is looking to raise between $45 billion and $50 billion in the year 2026, in an effort to build additional capacity for its cloud infrastructure investment plan through a combination of debt and equity sales.

Nvidia-OpenAI deal

Mint reported in September 2025 that the US-based chipmaker Nvidia is set to invest $100 billion in the Sam Altman-run OpenAI to support the company's efforts to develop new data centres and other infrastructure needed to power the next generation of AI models.

Both companies signed a letter of intent to deploy at least 10 gigawatts of Nvidia systems for training and running the next generation of OpenAI models.

OpenAI said that the company will work with Nvidia as a ‘preferred strategic compute and networking partner’ for the tech giant's AI factory growth plans. The ChatGPT maker also said that this partnership ‘complements’ the work already done in the Stargate project.

According to the report, Nvidia conducted a $6.6 billion funding round in OpenAI in October last year, and the latest $100 billion funding round could lead to possible antitrust scrutiny by the US Justice Department.

Oracle's deal with OpenAI

In September, Oracle signed a deal with OpenAI for the AI company to purchase $300 billion worth of compute power over a span of about five years, reported the news portal Wall Street Journal.

According to the news report, OpenAI would start purchasing this compute in 2027.

This comes after OpenAI's earlier stint with Oracle for compute in the summer of 2024, after which the company moved further away from exclusively using Microsoft Azure as its only cloud provider in January, the report mentioned.