OpenAI Projects $115 Billion Cash Burn by 2029, Soaring Costs Drive Chip Development
Summary
OpenAI projects a staggering $115 billion cash burn by 2029, $80 billion higher than earlier estimates, as soaring costs drive the AI giant to develop its own chips and data centers to power its cutting-edge technology.
Key Points
- OpenAI expects its business to burn $115 billion through 2029, sharply raising its projected cash burn by $80 billion.
- The company projects it will burn over $8 billion this year, $1.5 billion higher than its earlier projection.
- To control soaring costs, OpenAI plans to develop its own data center server chips and facilities to power its AI technology.