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 $200 billion by 2030 in order to continue operating, according to HSBC research cited by several media outlets.
The company needs the funding to continue expansion as computing costs climb amid an accelerating and increasingly frantic global AI race.
HSBC’s updated research model, distributed to clients this week, follows OpenAI’s recent long-term cloud and compute agreements with Microsoft, Amazon, and Oracle. Even under the bank’s upbeat growth assumptions, the model…
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