OpenAI plans to invest $856 billion in compute and infrastructure through 2030 to scale its artificial intelligence capabilities. A leaked presentation reported by the Financial Times shows the company forecasts a $278 billion negative free cash flow from 2026 through 2030, even with annual sales rising from $36 billion this year to $350 billion by 2030. Total revenue over that period is projected to be $840 billion.

A $122 billion cash cushion held in March will be depleted by 2028 under these projections. Annualized revenue topped $40 billion in July, but elevated spending and price reductions are raising the stakes for the company's next private financing round.