OpenAI has sharply raised its projected cash burn through 2029 to $115 billion as it ramps up spending to power the artificial intelligence behind its popular ChatGPT chatbot, The Information reported on Friday.
The new forecast is $80 billion higher than the company previously expected, the news outlet said, without citing a source for the report.
OpenAI, which has become one of the world's biggest renters of cloud servers, projects it will burn more than $8 billion this year, some $1.5 billion higher than its projection from earlier this year, the report said.
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