Oracle Corp. is buying $40 billion worth of Nvidia Corp. chips to build a data center for OpenAI, the Financial Times reported today. The deal is believed to involve about 400,000 GB200 Grace Blackwell processors. Each chip combines two of Nvidia’s latest Blackwell B200 graphics cards with a 72-core central processing unit.

Technology giants OpenAI, Oracle, Nvidia and Cisco are joining forces to help build a sweeping artificial intelligence campus in the United Arab Emirates.

The data center is expected to be fully operational by mid-next year, and Oracle has agreed to lease the site for 15 years, the report said. JPMorgan has provided a bulk of the debt financing across two loans totaling $9.