OpenAI expects to spend $278 billion on AI by 2030: Report

OpenAI expects to burn $278 billion in cash between 2026 and 2030 as it increases spending on computing power and infrastructure, The Financial Times reported. The forecast highlights the ChatGPT maker's need for fresh funding as it faces rising costs and explores a potential listing. OpenAI is seeking large amounts of capital to support its expansion and growing AI ambitions.