OpenAI forecasts cash burn near $280 billion by 2030: Report

OpenAI expects to burn through $278 billion in cash between 2026 and 2030 as it ramps up spending on computing power and infrastructure, the Financial Times reported on Friday, citing a company presentation seen by the newspaper.

The projection highlights OpenAI’s funding needs as it seeks fresh investment, with the FT reporting earlier this week that the ChatGPT maker had held talks with investors that could value it at about $1.2 trillion ahead of a potential listing.

Read more

You may also like

Comments are closed.

More in IT