Overview
- A Financial Times presentation that surfaced in recent coverage projected about $278–280 billion of negative free cash flow for OpenAI between 2026 and 2030, driven by heavy infrastructure outlays.
- The company expects roughly $856 billion in cumulative compute and infrastructure spending through 2030 while forecasting revenues to rise from about $36 billion in 2026 to $350 billion in 2030.
- OpenAI raised about $122 billion in March 2026, and the presentation indicates that cash could be depleted by 2028, creating urgency for a new funding round.
- OpenAI has begun private fundraising talks at valuations near $1.2 trillion, seeking large commitments from investors instead of listing on public markets before 2027 as CEO Sam Altman has said.
- The scale of OpenAI’s plans could reshape vendor revenues and cloud capacity, pressure model pricing for enterprise customers, and leave suppliers such as Nvidia exposed to the company’s financing timeline.