OpenAI told investors in February its compute bill would be around $600bn. A July presentation puts it at $856bn.

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The Financial Times reported that OpenAI expects negative free cash flow of $278bn between 2026 and 2030, from a July presentation prepared for a computing deal. That figure is an improvement on the roughly $305bn the company projected in May, while the compute and infrastructure line has risen to about $856bn against the roughly $600bn target it gave investors publicly in February. Spending can rise while burn falls because much of the build is financed by partners rather than by OpenAI.

The Financial Times reported that OpenAI expects negative free cash flow of $278bn between 2026 and the end of 2030, citing a company presentation prepared in July for a computing deal. Samantha Oltman wrote up the figures for Bloomberg, which corrected its story shortly after publication.

The same materials put revenue at $350bn in 2030, against roughly $36bn this year, and compute and infrastructure at about $856bn across...

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