OpenAI has committed more than $1.4 trillion that it will spend on building out its data center infrastructure to power the development and deployment of its AI models over the next eight years. Notably, OpenAI does not have $1.4 trillion. Also notable is the fact that the company doesn’t make that much money. That means it’ll remain reliant primarily on fundraising rounds to pay the bills as they come due. According to a report from the Financial Times, all OpenAI has to do is raise $207 billion by 2030 in order to keep operating at a deep loss. Easy peasy!

The report cites a recent analysis of OpenAI’s finances from HSBC, the British multinational financial services giant, which has taken into account the AI startup’s planned spending on infrastructure, compute, and energy costs, as

See Full Page