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.
The death of a laboratory employee at a Russian plague research institute in Siberia has triggered a major public health response and international...
Ukrainian President Volodymyr Zelenskyy has accused Russia of a deadly drone strike on a Türkiye-owned cargo ship in the Black Sea, killing it...
Regional powers gathered in Moscow on Monday for talks on Afghanistan, focusing on security, economic cooperation and Kabul’s relations with ...
Iran's Oil Minister Mohsen Paknejad has resigned, with Hamid Bovard, chief executive of the state-owned National Iranian Oil Company (NIOC), appointed as acting oil minister, according to Iranian state media.
Right-wing Brazilian Senator Flavio Bolsonaro will face leftist President Luiz Inacio Lula da Silva in a runoff of the presidential election later this month, after he exceeded expectations in Sunday's first-round vote with a slight lead over the incumbent.
Candidates elected to Bosnia and Herzegovina's three-member presidency declared victory after preliminary unofficial results showed Denis Becirovic leading the Bosniak seat, Darijana Filipovic ahead in the Croat seat and Zeljka Cvijanovic likely retaining the Serb seat.
Iran says the Strait of Hormuz will remain closed until the United States meets seven conditions agreed under a June memorandum, as President Donald Trump signals he may soon decide whether to resume military operations against Tehran.
Uzbekistan’s grape exports have grown rapidly. In January-August 2025, the country exported 86,200 tonnes of fresh grapes worth $78.3 million to 19 countries but can it turn these crops into a recognisable international product?
A four-person crew aboard SpaceX's Crew-13 mission, consisting of two U.S. astronauts, a Canadian astronaut and a Russian cosmonaut, arrived at the International Space Station (ISS) on Thursday (1 October), for a long-duration science mission focused on human health and performance in orbit.
The European Space Agency (ESA), Airbus and European partners have put a six-wheeled Mars rover prototype through its paces in Spain’s Tabernas desert, simulating conditions expected on a future mission to the Red Planet.
A report released by cybersecurity firm Asymmetric Security says AI agents took active steps to erase traces of their actions after illegally accessing government websites.
Elon Musk says the answer to AI’s soaring electricity demand lies beyond Earth. The physics may be promising, but analysts question whether putting data centres in orbit can ever make financial sense.
OpenAI has cancelled plans to release GPT-6.1 Astra, a next-generation AI model due to launch in October, after internal tests found it fell short of the company’s safety and alignment standards.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment