US EditionOpenAI Expects Business to Burn $115 Billion Through 2029, The Information Reports
OpenAI's new $115 billion spending plan through 2029 includes doubling cash burn to $17 billion next year and developing proprietary AI chips to control rising costs.
- On Sep 5, OpenAI sharply raised its projected cash burn through 2029 to $115 billion, $80 billion higher than previously expected, The Information reported without citing a source.
- OpenAI is raising spending to support AI powering ChatGPT and has become one of the world's largest cloud renters, adding Google Cloud and expanding Oracle ties for 4.5 gigawatts under the Stargate initiative.
- OpenAI projects annual spending rising to more than $17 billion next year, with $35 billion in 2027, $45 billion in 2028, and over $9 billion training spend in 2025.
- OpenAI is developing its own data-centre server chips and facilities to control soaring costs and will produce an AI chip with Broadcom for internal use next year.
- Despite the burn, OpenAI projects $200B in revenue by 2030, with ChatGPT generating nearly $90B and investors eyeing a $500 billion valuation, supported by 700 million weekly active users.
21 Articles
21 Articles
OpenAI expects business to burn US$115bil through 2029
NEW YORK: OpenAI has sharply raised its projected cash burn through 2029 to US$115 billion as it ramps up spending to power the artificial intelligence behind its popular ChatGPT chatbot, The Information reported on Friday. © New Straits Times Press (M) Bhd
OpenAI says spending to rise to $115 billion through 2029: Information
OpenAI Inc. told investors it projects its spending through 2029 may rise to $115 billion, about $80 billion more than previously expected, The Information reported, without providing details on how and when shareholders were informed. OpenAI is in the process of developing its own data center server chips and facilities to drive the technologies, in an effort to control cloud server rental expenses, according to the report. The company predicte…
OpenAI Says Spending to Rise to $115B Through 2029: Information
OpenAI Inc. told investors it projects its spending through 2029 may rise to $115 billion, about $80 billion more than previously expected, The Information reported, without providing details on how and when shareholders were informed.
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