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

1. Oracle's CEO confident OpenAI can pay for cloud costs. 2. OpenAI's five-year deal with Oracle worth over $300 billion. 3. Oracle integrating OpenAI AI models into health records systems. 4. Oracle stock rose 6%, gaining 86% this year. 5. OpenAI's chatbot now has 800 million weekly users.

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FAQ

Why Very Bullish?

The strong partnership with OpenAI and significant revenue prospects can elevate ORCL’s stock. Historical examples show that strategic alliances often lead to increased investor confidence and stock appreciation.

How important is it?

The potential earnings and growth from the Oracle-OpenAI partnership indicate high relevance. Additionally, the positive sentiment surrounding AI technology's impact on industries underlines this importance.

Why Long Term?

The integration of AI in Oracle's product offerings and substantial contracts signal sustained revenue growth. As the AI market expands, Oracle’s position will benefit in the long run.

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