Surging computing costs could keep the maker of ChatGPT scrambling for fresh cash, a bank research report has estimated<\/p>\n
OpenAI, the owner of ChatGPT, may need to raise more than $200 billion by 2030 in order to continue operating, according to HSBC research cited by several media outlets.\u00a0
\nThe company needs the funding to continue expansion as computing costs climb amid an accelerating and increasingly frantic global AI race.
\nHSBC\u2019s updated research model, distributed to clients this week, follows OpenAI\u2019s recent long-term cloud and compute agreements with Microsoft, Amazon, and Oracle. Even under the bank\u2019s upbeat growth assumptions, the model still leaves OpenAI with a funding gap of about $207 billion by the end of the decade, with revenues expected to reach $129 billion.
\nHSBC reportedly estimated that OpenAI\u2019s cloud rental bill could run to roughly $800 billion in total by 2030. It is still projecting explosive user growth, saying ChatGPT could climb to 3 billion regular users by 2030, versus roughly 800 million last month \u2013 about 44% of adults worldwide outside China.
\nOpenAI has been at the center of the AI boom since ChatGPT launched three years ago, drawing huge investor interest as Big Tech pours tens of billions into data centers and advanced chips. Some analysts have warned the surge could be causing a bubble to form, with spending racing ahead of returns and raising the stakes not only for OpenAI but also for the tech giants backing its expansion.<\/p>\n
READ MORE: Russia cautions against AI \u2018arms race\u2019<\/p>\n
Tech companies are scrambling to keep pace with ChatGPT-style services that have challenged their grip on online search and pushed investment across the sector to record levels.
\nIn October, OpenAI overtook Elon Musk\u2019s SpaceX to become the world\u2019s most valuable private company after a $6.6 billion employee share sale valued it at about $500 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Surging computing costs could keep the maker of ChatGPT scrambling for fresh cash, a bank research report has estimated OpenAI, the owner of ChatGPT, may need to raise more than…<\/p>\n","protected":false},"author":1,"featured_media":23387,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-23386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/posts\/23386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23386"}],"version-history":[{"count":0,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/posts\/23386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/media\/23387"}],"wp:attachment":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}