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Oracle CEO: OpenAI can afford $60 billion per year for cloud infrastructure services
Oracle (ORCL. N) CEO Clay Magouyrk said he has confidence in OpenAI's ability to pay for the vast amount of cloud infrastructure services it consumes. OpenAI can "certainly" afford to pay $60 billion for a year's worth of cloud resources, Magouyrk said in an interview at Oracle's artificial intelligence world conference on Monday. In July, OpenAI reached a five-year deal with Oracle worth more than $300 billion. "Looking at how fast they're growing, you know, almost 10...
2025-10-13 19:36:13
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