OpenAI President Greg Brockman is questioned by OpenAI attorney Sarah Eddy, during Musk's lawsuit trial over OpenAI's for-profit conversion at a federal courthouse in Oakland, California, U.S., May 5, 2026 in a courtroom sketch. REUTERS/Vicki Behringer. NO RESALES. NO ARCHIVES

OpenAI projects $50 billion spending on computing power this year, Brockman says

· CNA · Join

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

May 5 : OpenAI expects to spend $50 billion on computing power this year, co-founder and President Greg Brockman said during his testimony in the company's courtroom battle with Elon Musk on Tuesday.

The ChatGPT maker's computing costs have risen from about $30 million in 2017 to tens of billions of dollars this year, he said.

OpenAI is targeting roughly $600 billion in total compute spending through 2030, a source familiar with the matter told Reuters in February.

Musk, who co-founded OpenAI, is suing the company on grounds that it improperly became a for-profit company, abandoned charitable goals and should turn back into a nonprofit.

Source: Reuters

Newsletter

Week in Review

Subscribe to our Chief Editor’s Week in Review

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here