Oracle Corporation (NYSE:ORCL) co- CEO Clay Magouyrk expressed confidence in OpenAI’s ability to cover the hefty costs of its cloud infrastructure.

OpenAI Can Afford $60 Billion Cloud Bill: Magouyrk

Magouyrk, who was appointed as Oracle’s co-CEO last month, told CNBC in an interview on Monday that “of course” OpenAI can afford the $60 billion annual cloud services bill.

"Just look at the rate at which they've grown to, you know, almost a billion users,” he said.

OpenAI said last week that its flagship ChatGPT chatbot, which was publicly launched less than three years ago, now has 800 million weekly active users. In 2024, OpenAI recorded a $5 billion net loss.

Fellow CEO Mike Sicilia stated that Oracle has begun integrating OpenAI's AI models into a patient portal designed for ...