Oracle’s $30B AI deal, Meta assembles 'dream team'

Author

Noel Moldvai
July 03, 2025

TL;DR. Oracle is going all in on AI with a $30 billion deal with OpenAI that could triple its revenue and rewire America’s tech infrastructure. Meanwhile, Meta continues building its superintelligence dream team with more poached talent from OpenAI and Google, and Figma takes its shot at 2025’s top tech debut with a $1.5B IPO.

OpenAI and Oracle sign the largest AI infrastructure deal ever at $30B

OpenAI and Oracle have launched a $30 billion partnership under the Stargate initiative to build massive AI data centers across the US. Oracle will provide 4.5 gigawatts of power capacity, a quarter of the US total, marking a seismic shift in AI infrastructure investment.

Meta unveils superintelligence labs led by poached AI stars

Mark Zuckerberg announced Meta Superintelligence Labs, a new AI division led by ex-Scale AI CEO Alexandr Wang. Backed by a $14.3 billion investment and high-profile hires from OpenAI, Google, and Anthropic, Meta is doubling down on building superintelligent models for mass consumer use.

Figma files a blockbuster $1.5B IPO

Figma has filed for a $1.5B IPO, revealing $821 million in rolling revenue, 91% gross margins, and recent profitability. While competitive risks from AI challengers loom, the company’s financials make it one of 2025’s most anticipated tech offerings.

Meta's $15B Scale AI Bet: What It Means for Private Markets

A $15 billion minority stake. A synthetic secondary. A talent raid disguised as a partnership. Meta’s surprise move to buy 49% of Scale AI is one of the most important private tech deals of the year, and it says a lot about where private markets are headed.

This article breaks down the deal structure, why Meta is betting big on Scale’s data and talent, and what it means for investors looking to capture liquidity in the current IPO environment.

Quick Takes

Cheerio! Until next week.
-Noel