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.
U.S. President Donald Trump said on Saturday that the airspace above and surrounding Venezuela should be considered "closed in its entirety", but gave...
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The death toll from floods and landslides following cyclonic rains in the Indonesian island of Sumatra has risen to 303, the head of the country's dis...
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U.S. President Donald Trump said on Saturday that the airspace above and surrounding Venezuela should be considered "closed in its entirety", but gave no further details as Washington ramps up pressure on President Nicolas Maduro's government.
At least 153 people have been killed in Sri Lanka after landslides and flooding caused by Cyclone Ditwah, officials said on Saturday, with 191 others missing and more than half a million affected nationwide.
China announced a sweeping inspection of fire-safety standards in high-rise buildings nationwide on Saturday after a deadly fire in Hong Kong left at least 128 people dead.
The death toll from floods and landslides following cyclonic rains in the Indonesian island of Sumatra has risen to 303, the head of the country's disaster mitigation agency said on Saturday, up from a previous figure of 174.
At least 47 people have died and another 21 are reported missing following ten days of heavy rainfall, floods, and landslides across Sri Lanka, local media reported on Thursday (27 November).
Hong Kong fire authorities said they expected to wrap up search and rescue operations on Friday after the city's worst fire in nearly 80 years tore through a massive apartment complex, killing at least 128 people, injuring 79 and leaving around 200 still missing.
U.S. Secretary of Defense Pete Hegseth visited sailors aboard the USS Gerald R. Ford aircraft carrier in the Latin American region on Thursday, amid a military buildup by President Donald Trump’s administration that has heightened tensions with Venezuela.
At least 153 people have been killed in Sri Lanka after landslides and flooding caused by Cyclone Ditwah, officials said on Saturday, with 191 others missing and more than half a million affected nationwide.
The Spanish agricultural sector has been placed on high alert following the confirmation that African Swine Fever (ASF) has resurfaced in the country for the first time in over thirty years.
Russia’s state communications watchdog said it is tightening restrictions on WhatsApp, claiming the US-owned platform violates Russian law and is being used to facilitate criminal activity, according to comments carried by the Tass news agency.
Russia successfully launched a military satellite into space on Wednesday (November 26) from the Plesetsk cosmodrome, marking another milestone in the country's expanding space capabilities.
China's first emergency space launch entered orbit after blasting off on Tuesday, as the country looks to plug safety risks at its crewed space station after a vessel was damaged in orbit earlier this month.
President Donald Trump signed an executive order establishing a new federal programme to accelerate American artificial intelligence research and applications.
Audi has unveiled the car that marks its first major step into Formula One. It presented the 2026 challenger at a launch event in Munich attended by drivers, team leaders and senior company executives.
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