As concerns spiral, Sam Altman reduces compute target by more than half, tells investors it is …


As concerns spiral, Sam Altman reduces compute target by more than half, tells investors it is ...

OpneAI has now told investors that it is targeting $600 million in total compute spending by 2030. As reported by CNBC, this new figure showcases a sharp decline from the $1.4 trillion figure which OpenAI CEO Sam Altman touted months ago. This move the company raises concerns but its expansion plans which were outpacing its potential revenue growth. Citing sources close to the matter, CNBC report revealed that OpenAI’s revised plan offer a clearer timeline and ties more directly to expected revenue. The company projects $280 billion in revenue by 2030, split almost evenly between consumer and enterprise businesses. By scaling back its infrastructure commitments, OpenAI also hopes to reassure investors that its spending will align with growth.

OpenAI is finalising massive funding

The report further adds that OpenAI is also finalising a huge funding round which is expected to exceed $100 billion, with about 90% coming from strategic investors. Nvidia is also in talks to invest up to $30 billion, whereas SoftBank and Amazon are also negotiating large stakes. The round could value OpenAI at $730 billion pre-money.

‘India Well Positioned To Lead The World In AI’: OpenAI CEO Sam Altman At AI Impact Summit

In 2025, OpenAI generated $13.1 billion in revenue, surpassing its $10 billion target, while burning through $8 billion, slightly below its $9 billion forecast. The company continues to spend heavily on infrastructure but is now positioning its targets more conservatively.

OpenAI’s growth

OpenAI’s flagship chatbot ChatGPT now has more than 900 million weekly active users, up from 800 million in October, rebounding after a dip in growth last fall. The company declared a “code red” in December to sharpen its focus on improving ChatGPT amid competition from Google and Anthropic. Its coding product Codex has also surpassed 1.5 million weekly active users, competing directly with Anthropic’s Claude Code.



Source link

  • Related Posts

    Match called off: Is there a reserve day for Pakistan vs New Zealand Super 8 clash? | Cricket News

    Rain covers are placed back onto the pitch prior to the Super 8 match between New Zealand and Pakistan at R. Premadasa Stadium on February 21, 2026 in Colombo, Sri…

    PAK vs NZ Rain Washout: Who benefits and who is in danger in T20 World Cup 2026 Super 8s? | Cricket News

    Groundsmen cover the field in Colombo (AP Photo/Eranga Jayawardena) NEW DELHI: Rain became the biggest talking point around the Pakistan vs New Zealand Super 8 match in Colombo on Saturday,…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    en_USEnglish