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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OpenAI has sharply raised its projected cash burn through 2029 to $115 billion, according to The Information. This marks an $80 billion increase from ...
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U.S. President Donald Trump announced on Truth Social that Chicago will soon face increased deportations, following his controversial renaming of the Department of Defense to the Department of War.
British police arrested dozens more people on Saturday under anti-terrorism laws for demonstrating in support of Palestine Action, a pro-Palestinian group banned by the government as a terrorist organisation.
Despite the fact that many months have passed since the tragedy, Russia stubbornly refuses to admit guilt for the downed AZAL plane. Those responsible for this catastrophe have not yet been punished: they continue to serve, and some have even received promotions.
Russian President Vladimir Putin on Friday urged Russia’s aerospace industry to step up efforts to develop booster rocket engines and expand the country’s role in global space technology.
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 powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
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.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Russian President Vladimir Putin on Friday urged Russia’s aerospace industry to step up efforts to develop booster rocket engines and expand the country’s role in global space technology.
U.S. President Donald Trump will host more than two dozen technology and business leaders on Thursday for a dinner in the newly renovated White House Rose Garden, a White House official said.
SpaceX’s Dragon spacecraft successfully completed an initial test Wednesday to demonstrate a new capability that helps maintain the International Space Station’s (ISS) orbital altitude.
A Chinese research team has unveiled a prototype washing machine designed for use in space, joining a growing international push to solve one of the more mundane but pressing challenges of long-duration missions: laundry.
The world’s seven largest technology companies – Microsoft, Apple, Alphabet, Amazon, Meta, Nvidia and Tesla – collectively reported a net profit of $143 billion in the second quarter, representing a 27.6% increase year-on-year, according to their financial statements.
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