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OpenAI exec says company hopes to burn $50B of somebody else's money on compute this year

OpenAI president Greg Brockman testified in court that the company expects to burn $50 billion on computing power this year, using investor money. The AI firm remains unprofitable nearly four years after ChatGPT's launch, and has struggled to meet revenue targets. CEO Sam Altman has secured multi-billion dollar commitments from tech giants, but many are contingent on OpenAI leasing their compute infrastructure.

SourceThe Register AI + ML
OpenAI exec says company hopes to burn $50B of somebody else's money on compute this year
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Key points

  • OpenAI expects to burn $50B on compute this year, funded by investors
  • Company has not turned a profit and misses revenue targets
  • Investor commitments often require OpenAI to lease compute capacity
  • Whether OpenAI can actually spend $50B or is just posturing remains unclear

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