Oracle CEO Clay Magouyrk expressed confidence in OpenAI's ability to manage its substantial cloud infrastructure expenses, estimated at $60 billion annually. Speaking at Oracle's AI World event, Magouyrk affirmed that OpenAI is well-positioned to cover these costs. This follows a significant five-year agreement between OpenAI and Oracle, valued at over $300 billion, signed in July.
Oracle CEO Asserts OpenAI Can Handle $60B Annual Cloud Costs
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