OpenAI resets spending expectations, tells investors compute target is around $600 billion by 2030
Summary
OpenAI told investors it now targets roughly $600 billion in total compute spend by 2030, down from a previously cited $1.4 trillion figure, and is tying that spending more directly to expected revenue growth. The company projects more than $280 billion in revenue for 2030, split nearly evenly between consumer and enterprise businesses. OpenAI is finalizing a massive funding round that could exceed $100 billion with strategic investors including Nvidia, SoftBank and Amazon, and reported $13.1 billion in 2025 revenue with $8 billion cash burn. The update also notes continued strong user growth for ChatGPT and expanding adoption of its coding product Codex amid competitive pressure.
Funding
Amount
$100.0B
Total raised
Date
February 20, 2026
Announcement date
Investors
SoftBank Capital, NVIDIA, Video Island
Lead investors
Company
openai.com
Funded company
Classifications
industries
No industries detected
applications
Web and Content Management
AskAI Classifications
Labels
AI Software
SaaS
Developer Tools
Linked Companies
OpenAI
$25M to $50M