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. <\/p>\n
Brian Snyder | Reuters<\/p>\n
OpenAI\u00a0has 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<\/a> on Friday.<\/p>\n The new forecast is $80 billion higher than the company previously expected, the news outlet said, without citing a source for the report.<\/p>\n 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.<\/p>\n The company did not immediately respond to Reuters request for comment.<\/p>\n To control its soaring costs,\u00a0OpenAI\u00a0will seek to develop its own data center server chips and facilities to power its technology, The Information said.<\/p>\n OpenAI\u00a0is set to produce its first artificial intelligence chip\u00a0next year\u00a0in partnership with U.S. semiconductor giant Broadcom<\/a>, the Financial Times reported on Thursday, saying\u00a0OpenAI\u00a0plans to use the chip internally rather than make it available to customers.<\/p>\n The company\u00a0deepened\u00a0its tie-up with Oracle<\/a>\u00a0in 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\u00a0has also added Alphabet’s<\/a> Google Cloud among its suppliers for computing capacity.<\/p>\n The company’s cash burn will more than double to over $17 billion next year, $10 billion higher than\u00a0OpenAI’s earlier projection, with a burn of $35 billion in 2027 and $45 billion in 2028, The Information said.<\/p>\n