OpenAI reduces spending plan by $800 billion

OpenAI has revised its compute infrastructure spending forecast to $600 million by 2030, a significant reduction from previous projections. This adjustment aligns with a projected $280 billion in revenue by the same year. The company is also reportedly finalizing a funding round exceeding $100 billion, with Nvidia, SoftBank, and Amazon in talks for substantial investments.

By TOI TECH DESK