OpenAI has made a significant announcement on February 20, as reported by various media outlets. The company is adjusting its capital expenditure expectations. OpenAI has informed investors that its total computing power expenditure target for 2030 is approximately $600 billion, a substantial reduction from the $1.4 trillion infrastructure commitment previously stated by CEO Sam Altman.
Sources indicate that, amid growing concerns about OpenAI’s expansion ambitions exceeding potential future revenues, the company is scaling back its investment size and establishing a clearer timeline for planned expenditures. Although this information is not public, OpenAI anticipates that its total revenue will exceed $280 billion by 2030, with contributions from consumer and enterprise segments being nearly equal.
The revised gross profit margin for OpenAI is expected to drop to 33% by 2025, and the company still projects that it will not achieve positive cash flow until 2030. Sources also revealed that OpenAI’s revenue for 2025 is anticipated to reach $13.1 billion, surpassing the earlier target of $10 billion, while consuming $8 billion in funds, which is less than the expected $9 billion.
On February 19, it was reported that OpenAI is nearing the completion of an unprecedented financing round, with the first phase expected to bring in over $100 billion. Following this funding, the overall valuation of the company could exceed $850 billion, higher than the initial estimate of $830 billion. Insiders noted that the pre-money valuation of the company will remain at $730 billion.
This financing round marks a significant milestone for OpenAI since its transition to a for-profit company and is viewed as a crucial step before the company’s anticipated IPO. Earlier reports suggested that OpenAI plans to complete its IPO by the fourth quarter of 2026 or no later than 2027.
Founded in 2015, OpenAI started as a non-profit research lab and gained mainstream recognition after launching the chatbot ChatGPT in 2022. Currently, ChatGPT boasts over 900 million active users weekly, up from 800 million in October. In response to competition from companies like Google and Anthropic, OpenAI announced a “red alert” status in December, focusing on improving ChatGPT. Although growth slowed last fall, the weekly and daily active user counts have since returned to record levels. Additionally, OpenAI’s programming product Codex has surpassed 1.5 million weekly active users, competing directly with Anthropic’s Claude Code, which has gained a substantial user base over the past year.
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