The Financial Times, citing an OpenAI presentation it had seen, said the company expects to burn through $278 billion in cash between 2026 and 2030 as it increases spending on computing power and infrastructure needed to develop and run artificial intelligence models .
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These projections highlight the company's financing needs at a time when it is seeking to attract new investments.
The Financial Times reported last week that OpenAI had held talks with investors that could value the company at around $1.2 trillion ahead of a possible stock market listing.
The newspaper reported that OpenAI expects a negative free cash flow of $278 billion over the five years from 2026 to 2030, compared to its expectation of a tenfold increase in revenue during the same period, from $36 billion this year to $350 billion in 2030, with cumulative revenue of $840 billion by the end of the decade.
The company expects to spend about $856 billion on computing capabilities and infrastructure by the end of 2030, which represents the largest item in its expenditures, according to the newspaper.
OpenAI had raised $122 billion in March at a valuation of $852 billion, but is on track to deplete that cash by 2028.
In June, the company filed a confidential application for an initial public offering, but CEO Sam Altman said last Saturday that the company will not go public in 2026 due to concerns about the safety of artificial intelligence.
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