Oracle CEO Magouyrk: 'Of course' OpenAI can pay $60 billion per year

Oracle CEO Magouyrk: 'Of course' OpenAI can pay $60 billion per year

In July, OpenAI signed a five-year cloud deal with Oracle, which is confident that the startup will be able to pay its bills.

Oracle CEO Magouyrk: 'Of course' OpenAI can pay $60 billion per year for cloud infrastructure - Daily news Update

Oracle CEO, Clay Magouyrk, sits down with CNBC’s David Faber on Oct. 13, 2025. CNBC Oracle CEO Clay Magouyrk, one of the two people tapped last month to lead the software company, is confident that OpenAI will be able to cover the costs of the massive amount of cloud infrastructure services it consumes. In an interview with CNBC’s David Faber at Oracle’s AI World conference on Monday, Magouyrk said “of course” OpenAI can pay $60 billion for a y…