HSBC Predicts OpenAI Will Burn Through $207 Billion and Remain Unprofitable Until 2030 Despite Massive Growth

HSBC analysts predict OpenAI will burn through $207 billion and remain unprofitable until 2030 despite reaching 44% of global adults, as the AI giant faces staggering $1.4 trillion compute costs and $620 billion data-center expenses that dwarf projected $213 billion revenues.

• HSBC projects OpenAI will remain unprofitable through 2030 despite growing its consumer base to 44% of the world's adult population, requiring an additional $207 billion in funding to meet growth plans
• OpenAI faces $792 billion in cloud and AI infrastructure costs between late 2025 and 2030, with total compute commitments reaching $1.4 trillion by 2033 and a $620 billion data-center rental bill alone
• The company's projected revenues of over $213 billion by 2030 will not bridge the funding gap, forcing OpenAI to seek dramatic increases in paid subscribers, capture digital advertising market share, or raise additional debt in challenging market conditions