Oracle CEO Confident in OpenAI’s Ability to Cover $60B Annual Cloud Bill

Oracle CEO Clay Magouyrk expressed unwavering confidence in OpenAI's financial capacity to handle its massive cloud computing expenses, stating the AI firm can "of course" pay $60 billion annually for cloud services. This assertion follows a landmark five-year, $300 billion deal signed between Oracle and OpenAI in July, underscoring OpenAI's rapid growth despite reporting a $5 billion loss in 2024.

Magouyrk highlighted OpenAI's unprecedented user acquisition, with ChatGPT amassing 800 million weekly active users in under three years. Oracle's co-CEO Mike Sicilia revealed the company is already integrating OpenAI's models into its healthcare software, particularly in Cerner's patient portals—a sector Oracle entered through its $28 billion acquisition of the health IT firm in 2022.

OpenAI's infrastructure relies on a multi-cloud strategy, leasing Nvidia chips via Oracle while maintaining partnerships with CoreWeave, Google, and Microsoft. The scale of these commitments reflects both the computational demands of cutting-edge AI and the industry's bet on OpenAI's long-term dominance.