OpenAI resets spending expectations, tells investors compute target is around $600 billion by 2030

OpenAI is lowering its compute spending target to around $600 billion by 2030, down from a previously announced $1.4 trillion, because investors worried the company's expansion plans were too ambitious compared to expected revenue. The company projects $280 billion in revenue by 2030 and is raising over $100 billion in funding to support its infrastructure investments and compete with rivals like Google and Anthropic.