As concerns spiral, Sam Altman reduces compute target by more than half

OpenAI has revised its 2030 compute spending target to $600 million, a significant decrease from its previous $1.4 trillion projection. This adjustment aims to align infrastructure commitments with projected revenue growth, which the company anticipates reaching $280 billion by 2030. The company is also reportedly finalizing a substantial funding round exceeding $100 billion.

By TOI TECH DESK