OpenAI lowers computing power expenditure target to $600 billion, advances new round of massive funding

U.S. artificial intelligence giant OpenAI is updating investors on its long-term capital expenditure plan, aiming to reach a total computing power expenditure of approximately $600 billion by 2030. The company is also advancing a funding round that could exceed $100 billion. According to reports, the expenditure target provided by OpenAI this time is lower, with a clearer timeline. The company expects total revenue to surpass $280 billion by 2030, with contributions roughly evenly split between consumer and enterprise businesses. Sources familiar with the matter say that the current expenditure plan presented to investors will be more directly linked to expected revenue growth. Regarding funding, sources reveal that this round could exceed $100 billion, with about 90% coming from strategic investors. NVIDIA is in negotiations to invest up to $30 billion in OpenAI, and this funding round could value the company at approximately $730 billion before the raise. In addition to NVIDIA, strategic investors include SoftBank Group and Amazon. Insiders indicate that OpenAI plans to allocate a significant portion of the new funds to hardware procurement related to computing power, including chip products from NVIDIA for data centers and infrastructure development. (First Financial)