Oracle CEO Clay Magouyrk expressed confidence that OpenAI can afford to pay $60 billion annually for cloud infrastructure services, calling it “of course” feasible. Speaking with CNBC’s David Faber at Oracle’s AI World conference in Las Vegas, Magouyrk highlighted OpenAI’s rapid growth and massive user base as evidence of its financial strength. OpenAI recently signed a five-year agreement with Oracle worth over $300 billion, a deal that includes extensive cloud computing services. Magouyrk pointed to the company’s explosive expansion, noting that its flagship ChatGPT chatbot now reaches 800 million weekly active users—nearly a billion people—just under three years after its public launch. Despite recording a $5 billion net loss in 2024, Magouyrk emphasized the unprecedented scale of OpenAI’s adoption. Joining Magouyrk in the interview was Oracle co-CEO Mike Sicilia, who shared that Oracle has begun integrating OpenAI’s AI models into a patient portal for accessing electronic health records. This initiative leverages Oracle’s acquisition of EHR provider Cerner for approximately $28 billion in 2022, signaling a major push into AI-driven healthcare solutions. Sicilia praised the transformative potential of OpenAI’s technology, stating he’s already seen results and believes the impact will be “dramatic” across industries and enterprise sectors. OpenAI currently relies on cloud providers—including Oracle, CoreWeave, Google, and Microsoft—to run its models, leasing powerful Nvidia graphics processing units. At the same time, the company is developing its own custom AI processor, which will be manufactured by Broadcom. On Monday, Broadcom and OpenAI announced plans to deploy 10 gigawatts of the new chips, a move that underscores the massive infrastructure demands of next-generation AI. Addressing concerns about energy supply, Sicilia said the challenge isn’t whether there will be enough power, but when the systems can be built. “I think it's a factor of time, not a factor of if we'll have enough power,” he said. Oracle’s stock rose nearly 6% on Monday, bringing its year-to-date gains to 86% and lifting the company’s market capitalization to nearly $900 billion.