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OpenAI Expects to Spend $50B on Compute This Year, Up from $30M in 2017

GateNews
AI Industry News

According to Greg Brockman, OpenAI president, the company expects to spend about $50 billion on computing power this year, he said during testimony in the company’s legal battle with Elon Musk on May 5. Brockman noted that OpenAI’s computing costs have surged from approximately $30 million in 2017 to tens of billions of dollars in 2026. The company previously told investors in February that it plans to spend about $600 billion on compute by 2030.

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