OpenAI’s AI spending spree has ballooned to $750B

OpenAI announced Wednesday that it will spend $750 billion on infrastructure through 2030, some 25% more than it estimated earlier this year, the Wall Street Journal reported The renewed blitz comes as its Stargate data center project appears to have stalled.

The first salvo in OpenAI’s spending spree will be a $20 billion data center campus in Georgia known as Project Camellia. The development will span 1,400 acres northwest of Savannah and will draw at least 3.2 gigawatts of power from Georgia Power, the region’s utility. The generating capacity is expected to become available between 2028 and 2032.

The AI company said it would “pay the full cost of the infrastructure and electric-service costs” for the new data center. The Georgia Public Service Commission (PSC) adopted a rule last year to prevent utilities from passing on costs associated with new users drawing more than 100 megawatts.

Georgia Power also...

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