OpenAI Cuts Infrastructure Spend to $600 Billion Ahead of IPO

OpenAI has lowered its projected infrastructure spending to approximately $600 billion by 2030, a significant reduction from previous commitments of $1.4 trillion. The company is adjusting its capital outlays to better align with a revenue forecast that expects total earnings to exceed $280 billion by 2030, split roughly evenly between consumer and enterprise segments.

To support this growth and a potential initial public offering that could value the company at $1 trillion, OpenAI is finalizing a fundraising round exceeding $100 billion. Nvidia is reportedly nearing a $30 billion investment, while SoftBank and Amazon are also participating as strategic investors. Depending on the source, this funding round could value the company between $730 billion and $850 billion pre-money.

Financial reports for 2025 show the company generated between $13.1 billion and $20 billion in revenue, surpassing its $10 billion projection, while burning through $8 billion. Despite the revenue growth, OpenAI faces pressure from rising operational costs. Inference expenses quadrupled in 2025, causing the company's adjusted gross margin to decline from 40 percent in 2024 to 33 percent.