OpenAI CEO Sam Altman walks on the day of a meeting of the White House Task Force on Artificial Intelligence (AI) Education in the East Room at the White House in Washington, D.C., U.S., September 4, 2025.
Brian Snyder | Reuters
OpenAI has sharply raised its projected cash burn through 2029 to $115 billion as it ramps up spending to power the artificial intelligence behind its popular ChatGPT chatbot, The Information reported on Friday.
The new forecast is $80 billion higher than the company previously expected, the news outlet said, without citing a source for the report.
OpenAI, which has become one of the world’s biggest renters of cloud servers, projects it will burn more than $8 billion this year, some $1.5 billion higher than its projection from earlier this year, the report said.
The company did not immediately respond to Reuters request for comment.
To control its soaring costs, OpenAI will seek to develop its own data center server chips and facilities to power its technology, The Information said.
OpenAI is set to produce its first artificial intelligence chip next year in partnership with U.S. semiconductor giant Broadcom, the Financial Times reported on Thursday, saying OpenAI plans to use the chip internally rather than make it available to customers.
The company deepened its tie-up with Oracle in July with a planned 4.5-gigawatts of data center capacity, building on its Stargate initiative, a project of up to $500 billion and 10 gigawatts that includes Japanese technology investor SoftBank. OpenAI has also added Alphabet’s Google Cloud among its suppliers for computing capacity.
The company’s cash burn will more than double to over $17 billion next year, $10 billion higher than OpenAI’s earlier projection, with a burn of $35 billion in 2027 and $45 billion in 2028, The Information said.
Read the complete report by The Information here.
