OpenAI compute deals
Public agreements, delivery targets, and source evidence for OpenAI.
Market overview
The commitments behind the buildout
Selected public agreements. Amounts follow the selected filters. Compute purchases and the facilities hosting them can describe the same capacity.
| Layer | Stated amount | Up to | More than |
|---|---|---|---|
| Compute purchases | 2.75 GW | 4.5 GW | — |
| IT power leases | — | — | — |
| Campus projects | — | — | — |
Upper limits are not firm commitments. Minimums are not exact totals. Each column stands alone; the three layers must not be added together.
Compute purchase agreements
$350B
Stated contract values, over their full terms
Additional upper-limit values
Up to $18.4B
Additional minimum values
Over $300B
5 agreements with comparable USD values. Excludes financing, construction budgets, monthly fees, and overlapping contract updates. These are purchase commitments, not annual capital expenditure.
Compare buyers · 1 companies
| Buyer / developer | Agreements | Compute: stated | Compute: up to | Compute: over | Dated targets |
|---|---|---|---|---|---|
| OpenAI | 7 | 2.75 GW | 4.5 GW | — | 0 of 7 |
Time to Power
When is capacity expected?
0 dated targets · 7 without a first-capacity window
0 elapsed targets await delivery evidence
Delivery confirmation is still needed for these records. An elapsed target alone does not establish a delay.
Actual time to power: not established
Company targets describe expected availability. Measured time to power requires a dated start and site-level energization evidence.
No dated first-capacity targets in this selection.
How to read these dates and figures
Dates are the original announced windows. A vague year keeps a full-year range; construction completion and equipment release dates are excluded. 4 announcements disclose no MW allocation. 0 quantified records are excluded from capacity comparisons because their scope is not comparable or overlaps. Export the CSV for the source, quantity terms, and inclusion basis of each agreement.
7 announcements
| Announced | Buyer / partner | Value | Capacity | Location / timing | Details |
|---|---|---|---|---|---|
| Feb 27, 2026 | OpenAI Amazon Web Services Cloud compute | $100B · 8 years · expansion | 2 GW Approximately · Trainium compute | Location undisclosed Trainium4 expected in 2027 | Agreement signedDeal detailsAn additional $100B over eight years expands the earlier $38B AWS agreement. Approximately 2 GW of Trainium capacity is included. Amazon’s equity investment is separate. Hardware: Trainium3 / Trainium4 OpenAI announcement ↗Assess this deal |
| Jan 14, 2026 | OpenAI Cerebras Cloud compute | Undisclosed | 750 MW Inference compute | Location undisclosed Phased through 2028 | Agreement signedDeal detailsOpenAI announced 750 MW of inference compute to be introduced in phases through 2028. The announcement does not disclose a contract price or individual sites. Hardware: Cerebras wafer-scale systems OpenAI announcement ↗Assess this deal |
| Oct 28, 2025 | OpenAI Microsoft Azure Cloud compute | $250B | Undisclosed | Location undisclosed No delivery date disclosed | Agreement signedDeal detailsMicrosoft disclosed an incremental $250B Azure services purchase by OpenAI. The equity ownership and prior investment are separate from this services commitment. Microsoft quarterly filing ↗Assess this deal |
| Sep 25, 2025 | OpenAI CoreWeave Cloud compute | Up to $6.5B | Undisclosed | Location undisclosed No delivery date disclosed | Agreement signedDeal detailsSeptember expansion only. CoreWeave also disclosed a $4B May expansion and approximately $22.4B in cumulative OpenAI contracts. Do not add the cumulative figure again. CoreWeave announcement ↗Related: OpenAI / CoreWeave · 2025-03-10Assess this deal |
| Sep 23, 2025 | OpenAI Oracle Cloud compute | $300B+ · 5 years | Up to 4.5 GW Planned compute capacity | United States · multiple sites No delivery date disclosed | Agreement signedDeal detailsSeptember disclosure of the July Oracle agreement: over $300B across five years and up to 4.5 GW of additional Stargate capacity. This is part of the Stargate program, not capacity additional to its headline total. Oracle announcement ↗Related: OpenAI / Stargate (SoftBank, Oracle, MGX) · 2025-01-21Assess this deal |
| Mar 10, 2025 | OpenAI CoreWeave Cloud compute | Up to $11.9B | Undisclosed | Location undisclosed No delivery date disclosed | Agreement signedDeal detailsInitial compute agreement. Later expansions are separate records; the September cumulative figure is not another contract. CoreWeave announcement ↗Related: OpenAI / CoreWeave · 2025-09-25Assess this deal |
| Jan 21, 2025 | OpenAI Stargate (SoftBank, Oracle, MGX) Campus build | $100B · $500B intended over four years | Undisclosed | United States · starts in Texas Texas buildout underway at announcement | Build announcedDeal detailsStargate is a new company that intends to invest $500B over four years in U.S. AI infrastructure for OpenAI, beginning with $100B. Initial equity funders: SoftBank, OpenAI, Oracle, and MGX. Technology partners: Arm, Microsoft, NVIDIA, Oracle, and OpenAI. This is a project-company build, not a bilateral cloud offtake. The $100B figure is the initial deployment; the $500B figure is the stated intention. OpenAI, Announcing The Stargate Project ↗Related: OpenAI / Oracle · 2025-09-23Assess this deal |