OpenAI significantly lowered its spending target to $600 billion, with gross margin pressure sparking concerns about profitability.
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OpenAI is readjusting its expansion expectations, telling investors that its total compute spending target by 2030 is about $600 billion, a sharp reduction from CEO Sam Altman’s previously stated $1.4 trillion infrastructure commitment.
On February 20, CNBC reported, OpenAI expects total revenue to exceed $280 billion by 2030,