Overview
- OpenAI told investors it now targets roughly $600 billion in total compute spend through 2030, down from the previously touted $1.4 trillion figure.
- The company projects more than $280 billion in revenue by 2030, with contributions reported as roughly balanced between consumer and enterprise businesses.
- A private raise exceeding $100 billion is in late-stage discussions with strategic investors, including Nvidia considering up to $30 billion and participation from SoftBank and Amazon, with CNBC reporting a possible $730 billion pre-money valuation.
- OpenAI generated about $13.1 billion in revenue in 2025 and spent roughly $8 billion, both better than its internal targets for the year.
- Inference expenses were reported to have quadrupled in 2025, compressing adjusted gross margin to about 33% from 40% in 2024, as ChatGPT usage rebounded to more than 900 million weekly active users after a December 'code red' to improve the product.