On Monday, at the AI World Congress, Clay Magouyrk, the CEO of Oracle, voiced his strong confidence in OpenAI. He firmly believes that OpenAI possesses the capability to handle the substantial costs associated with cloud infrastructure services. Magouyrk emphasized that OpenAI "without a doubt" has the financial muscle to shell out $60 billion for a full year's supply of cloud resources.
This year in July, OpenAI inked a five - year agreement with Oracle, a deal valued at over $300 billion. Moreover, Magouyrk pointed out that OpenAI is experiencing explosive growth, with its user base inching closer to the 1 - billion mark.
