According to the newspaper, Open AI will buy computing power from Oracle in a five-year agreement in a deal described as "one of the largest cloud contracts to date", and which is worth approximately 2,800 billion kronor.
Behind Oracle's development lies a sharply increased forecast for investments in cloud services.
The forecast from Oracle surprised many analysts and is interpreted as a signal that the global boom in terms of investments in infrastructure for artificial intelligence (AI) continues to increase.
Other AI-related stocks such as chip manufacturer Nvidia and Asian technology companies are following upwards.
According to Oracle's forecast, investments in cloud service infrastructure will increase to 18 billion dollars during the company's current financial year, which ends in the spring of 2026, to then continue to increase at a rapid pace up to 144 billion dollars by 2030.
The price increase comes after Oracle's stock had risen 45 percent since the turn of the year until the stock market close on Tuesday.
