OpenAI seeks a $1.2T-plus valuation while projecting $278B cash burn
Its five-year plan pairs $840B in revenue with $856B in compute spending, leaving investors to finance the gap.
By Ryan Merket · Published
Primary source: Financial Times
Why it matters
OpenAI's plan makes private capital a core production input. Its burn forecast also transfers risk to the chip, cloud and data-center companies counting on its contracts.

OpenAI expects to generate negative free cash flow of $278 billion from 2026 through 2030 as its infrastructure bill outpaces even its aggressive revenue targets, the Financial Times reported on September 18th, citing a recent presentation prepared for investors.…
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