OpenAI Plans $600 Billion Compute Spend Ahead Of IPO

OpenAI is planning to spend around $600 billion on computing through 2030 as it prepares for a potential initial public offering (IPO) that could value the company at up to $1 trillion, a source told Reuters, cited by CNA.

The company exceeded its 2025 revenue expectations, generating US$13 billion against a US$10 billion forecast, while keeping costs under control at $8 billion, below its US$9 billion target. The results underscore the rapid growth of the AI sector and OpenAI’s expanding footprint.

The funding landscape is also evolving rapidly. NVIDIA is nearing a US$30 billion investment in OpenAI as part of a fundraising round seeking more than US$100 billion.

If completed, the deal would value the Sam Altman-led startup at roughly US$830 billion, marking one of the largest private capital raises in history.

Looking ahead, Microsoft-backed OpenAI expects total revenue of over US$280 billion by 2030, split roughly evenly between its consumer and enterprise divisions, according to earlier CNBC reporting.

Altman has previously said the company plans to invest US$1.4 trillion to develop 30 gigawatts of computing power — enough to supply around 25 million US homes.

Costs are climbing as well. OpenAI told investors that inference expenses — the costs of running its AI models — quadrupled in 2025, reducing its adjusted gross margin from 40% in 2024 to 33% last year.

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