The five-year deal requires OpenAI to pay Oracle an average of $60 billion annually starting in 2027. That’s six times more than OpenAI’s current $10 billion yearly revenue, according to the Wall Street Journal. Oracle’s stock surged 43% Wednesday after announcing $317 billion in new future contract revenue, largely from this deal. The agreement will provide 4.5 gigawatts of computing power. The contract officially starts in 2027, giving OpenAI just over a year to arrange financing for history’s largest cloud computing commitment.