OpenAI Lifts Compute Spending Plan to $750 Billion as Revenue Stalls

OpenAI is escalating its infrastructure ambitions as access to computing power becomes central to competition in generative artificial intelligence. The company plans to secure capacity through a major Oracle cloud agreement while building its own Project Camellia data centers. The strategy could support larger models and wider product adoption, but it also creates an extraordinary funding burden and raises questions about cash flow, financing and OpenAI’s ability to honor long-term commitments.

OpenAI has increased its planned compute and infrastructure spending through 2030 to about $750 billion, with much of the outlay tied to Oracle capacity and Project Camellia. Its annualized revenue, however, remains around $25 billion, leaving projected spending at nearly 30 times the current revenue run rate. The widening gap has fueled concern within management over whether the company can meet its contractual obligations and sustain the expansion without substantially faster sales growth or additional capital.