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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Accel Leads $60M Series A for Israeli Ecommerce AI Startup ZyG at $500M Valuation
According to Calcalist, Israeli ecommerce AI startup ZyG raised $60 million in a Series A round led by Accel at a $500 million valuation. The funding brings ZyG's total capital raised to $118 million, with participation from Lightspeed, Viola, Bessemer, Access Industries, and Wiz CEO Assaf
GateNews6m ago
Chrome Quiet Installation of a 4GB Gemini Nano Model: Researcher Reveals It May Violate EU Privacy Laws Without Consent
From April 20 to 29, 2026, Chrome silently installed an approximately 4GB Gemini Nano model (weights.bin, OptGuideOnDeviceModel) on devices without user consent. There was no opt-in/opt-out; after deletion, updates automatically re-download it, affecting more than 1 billion users. Gemini Nano is an on-device LLM, but the AI Mode is effectively a cloud entry point—it's not a local model—making privacy misunderstandings likely. This may violate EU ePrivacy 5(3) and could result in fines and added carbon-emission costs. It can be blocked via enterprise management tools.
ChainNewsAbmedia21m ago
AMD Forecasts Q2 Revenue of $11.2 Billion, Above Estimates on AI Demand
According to Reuters, Advanced Micro Devices forecast second-quarter revenue of approximately $11.2 billion, plus or minus $300 million, exceeding Wall Street estimates of $10.52 billion on strong demand for AI infrastructure. The chipmaker's shares rose 12% following the announcement. First-quarter
GateNews26m ago
AI drives semiconductor demand, Samsung jumps 12% as its market cap surpasses $1 trillion
Driven by AI infrastructure demand, Samsung’s market value has surpassed $1 trillion, and its stock price has risen sharply over the past year. Memory demand remains strong, with NAND/DRAM prices climbing, and supply is expected to be even tighter in 2027. Rumor has it that Apple is considering core chips for U.S. contract manufacturing; if it happens, it would expand the supply chain’s diversity. Faced with pressure on smartphone and display costs and labor-related risks, its forward P/E is around 5.3x, and analysts estimate about 30% upside over the next 12 months.
ChainNewsAbmedia33m ago
Anthropic commits $200B to Google Cloud over five years
Anthropic has agreed to spend US$200 billion on Google Cloud over five years, according to Reuters. The commitment represents more than 40% of Alphabet's disclosed cloud revenue backlog, and Alphabet shares rose about 2% in extended trading following the announcement.
Deal Details and Alphabet
CryptoFrontier35m ago
OpenAI, Anthropic Launch PE-Backed AI Services Acquisition Ventures
OpenAI and Anthropic are separately partnering with private equity firms to acquire services companies that help businesses deploy artificial intelligence, according to Reuters. The moves aim to secure engineers and consultants to roll out their AI models for corporate customers.
OpenAI's
CryptoFrontier36m ago
