ExclusiveOpenAI Boost Revenue Forecasts, Predicts $111 Billion More Cash Burn Through 2030
OpenAI recently hiked its revenue outlook for the next five years, predicting that it would generate about 27% more than previously forecast from sales of its ChatGPT subscriptions, AI models, and newer business lines such as advertising and hardware, according to financial forecasts. But it warned it will burn more than twice as much cash through 2030 than previously predicted, as it spends $665 billion on the costs of running and training its AI, according to the financial forecasts.