OpenAI projects $278 billion in cumulative cash burn through 2030

OpenAI projects cumulative negative free cash flow of $278 billion from 2026 through 2030 as infrastructure spending outpaces revenue growth, according to a presentation reviewed by the Financial Times. The company forecasts $840 billion in total revenue and roughly $856 billion in compute and infrastructure spending over that period, plus $262 billion in other spending. The reported model puts annual revenue at $36 billion in 2026 and $350 billion in 2030. It improves on a May projection of $305 billion in cumulative negative free cash flow, but indicates that $122 billion raised in March could be depleted in 2028. These are internal projections, not realized results.