OpenAI will burn hundreds of billions of dollars through 2030, says HSBC
NegativeArtificial Intelligence
- HSBC Holdings has projected that OpenAI will require hundreds of billions of dollars in loans through 2030, despite its rapid revenue growth and increasing popularity. This forecast highlights the challenges OpenAI faces on its path to profitability, as it navigates a complex financial landscape filled with significant investments and obligations.
- The financial outlook for OpenAI is concerning, as the company is expected to have 220 million paying users by 2030 but will still not achieve profitability. This raises questions about the sustainability of its business model and the long-term viability of its ambitious investments.
- The broader AI market is experiencing signs of overexuberance, with major players like Google also expressing concerns about irrational investments. As OpenAI commits to substantial spending on data centers and partnerships, the financial strain on its operations and the transparency of its dealings are under scrutiny, reflecting a growing apprehension among investors regarding the future of AI ventures.
— via World Pulse Now AI Editorial System







