Microsoft (MSFT)-backed OpenAI is telling investors that it’s now aiming for about $600B in total compute spend by 2030, just months after CEO Sam Altman touted $1.4T in infrastructure commitments, CNBC’s Ashley Capoot and Kate Rooney report. The ChatGPT maker is providing a lower target and more defined timeline for its planned spending amid broader concerns that expansion ambitions were too high, sources told CNBC. Additionally, the company is now projecting that its total revenue for 2030 will be over $2808B, the authors note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- 3 Quantum Computing Stocks with Potential to Beat the Market – 2/20/2026
- Microsoft confirms Asha Sharma as CEO of Microsoft Gaming
- Microsoft Gaming CEO Spencer to retire, Xbox president Bond resigns, IGN says
- AI Daily: OpenAI assembles 200 plus workforce for AI hardware
- ‘Fighting the AI Ghost Trade’ – Dan Ives Lists 10 Catalysts to Reverse the Tech Selloff