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.
Denmark announced on Sunday that it was banning civilian drone flights after sightings of drones near several military facilities overnight, following...
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Denmark announced on Sunday that it was banning civilian drone flights after sightings of drones near several military facilities overnight, following a week in which drone activity forced the temporary closure of a number of Danish airports.
British Prime Minister Keir Starmer on Sunday called on his Labour Party to stop “navel gazing” and to unite against Reform UK, accusing the rising populist party of pursuing a “racist policy” of mass deportation if it came to power.
U.S. President Donald Trump said on Sunday there was “a real chance for greatness in the Middle East”, though he offered no concrete details or timeline, just days after claiming he was close to securing an agreement to end the conflict in Gaza.
South Korean President Lee Jae Myung has vowed a “significant improvement” in the security of government administrative systems after a major fire at the national data centre brought online services across the country to a halt.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
NASA officials on Tuesday said the agency's first crewed flight in its Artemis programme - a trip around the moon and back - is on track for launch in April and could potentially be moved up to February 2026.
In a discovery that pushes the limits of our cosmic imagination, astronomers have revealed a colossal bridge of gas and stars stretching between galaxies, accompanied by the longest tail ever observed, an intergalactic structure on a scale that rewrites what we know about the Universe.
The GLOBSEC Initiative on the Future of Cyberspace Cooperation has released a new research paper examining NATO’s potential use of artificial intelligence in cybersecurity.
A nationwide survey in Kazakhstan shows a split opinion on the role of Artificial Intelligence (AI) in education, with 40.5% viewing it positively and 37.4% seeing it as a threat to learning quality, according to the Institute of Public Policy reported in The Astana Times.
Scientists and guests gathered at Boston University in Massachusetts on Thursday (18 September) for the 35th annual Ig Nobel Prize ceremony, which honours bizarre scientific discoveries.
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