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VRSS | All | OpenAI Says Its Business Will Burn $115 Billion Through 2029 |
September 8, 2025 10:00 AM |
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Feed: Slashdot Feed Link: https://slashdot.org/ --- Title: OpenAI Says Its Business Will Burn $115 Billion Through 2029 Link: https://news.slashdot.org/story/25/09/08/1426... An anonymous reader shares a report: OpenAI recently had both good news and bad news for shareholders. Revenue growth from ChatGPT is accelerating at a more rapid rate than the company projected half a year ago. The bad news? The computing costs to develop artificial intelligence that powers the chatbot, and other data center-related expenses, will rise even faster. As a result, OpenAI projected its cash burn this year through 2029 will rise even higher than previously thought, to a total of $115 billion. That's about $80 billion higher than the company previously expected. The unprecedented projected cash burn, which would add to the roughly $2 billion it burned in the past two years, helps explain why the company is raising more capital than any private company in history. Read more of this story at Slashdot. --- VRSS v2.1.180528 |
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