OpenAI has sharply raised its projected cash burn through 2029 to $115 billion, according to The Information. This marks an $80 billion increase from previous estimates, as the company ramps up spending to fuel the AI behind its ChatGPT chatbot.
The company, which has become one of the world’s biggest renters of cloud servers, projects it will burn more than $8 billion this year, about $1.5 billion higher than its earlier forecast. The surge in spending comes as OpenAI seeks to maintain its lead in the rapidly growing artificial intelligence market.
To control these soaring costs, OpenAI plans to develop its own data center server chips and facilities to power its technology.
The company is partnering with U.S. semiconductor giant Broadcom to produce its first AI chip, which will be used internally rather than made available to customers, as reported by The Information.
In addition to this initiative, OpenAI has expanded its partnership with Oracle, committing to a 4.5-gigawatt data center capacity to support its growing operations.
This is part of OpenAI’s larger plan, the Stargate initiative, which includes a $500 billion investment and is also supported by Japan’s SoftBank Group. Google Cloud has also joined the group of suppliers supporting OpenAI’s infrastructure.
OpenAI’s projected cash burn will more than double in 2024, reaching over $17 billion. It will continue to rise, with estimates of $35 billion in 2027 and $45 billion in 2028, according to The Information.
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The Trump administration is pressing ahead with new immigration rules that will impose fixed time limits on visas for foreign students, cultural exchange visitors and journalists, tightening requirements for thousands of people who study and work in the U.S.
Slovak President Peter Pellegrini says cooperation with Azerbaijan is moving beyond formal diplomacy, with new opportunities emerging in energy, defence, cybersecurity, trade and education.
A woman whose husband was sucked out of the window of a plane during a Ryanair flight has recounted pulling her husband to safety. Serbian couple Svetlana Maksimovic and Ljubisa Karovic had just settled into a flight with the airline last week, when a loud bang pierced the hum of engines.
Keir Starmer has reaffirmed that the UK's "unwavering" support for Ukraine will continue, during his final visit to the country as Prime Minister.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
The U.S. military announced that it has completed a new wave of strikes against Iranian military targets under U.S. President Donald Trump's orders. The operation targeted command centres, air defence systems, missile and drone facilities, and coastal surveillance sites across multiple locations.
The death toll from the fire at a live music pub in Bangkok has climbed to 32 after two more victims died from their injuries, according to Thailand's Police Hospital.
Ukraine and Russia exchanged fresh attacks on Tuesday, with Kyiv targeting shipping and energy infrastructure inside Russia while Moscow launched another large-scale missile and drone assault on Ukrainian cities.
Space exploration just got sweeter as scientists say they have discovered a type of sugar called erythrulose in outer space.
Pakistan is set to become a founding member of the China-led World Artificial Intelligence Cooperation Organisation (WAICO), with Deputy Prime Minister and Foreign Minister Ishaq Dar travelling to Shanghai on Thursday to sign the founding agreement during a two-day visit.
Beijing is using Shanghai’s artificial intelligence (AI) forum to promote its governance agenda and showcase domestic alternatives to U.S. technology.
Australia will establish an Office of AI to coordinate artificial intelligence standards and oversee major data centres as the government prepares new laws on their energy and water use, Prime Minister Anthony Albanese said on Wednesday (15 July).
IBM has warned that a surge in spending on artificial intelligence infrastructure is weighing on its core business, in one of the clearest signs yet of how the AI boom is reshaping the technology sector.
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