OpenAI expects to record nearly $280 billion in negative free cash flow through 2030 as it dramatically increases spending on computing power and infrastructure.

Axar.az reports, citing the Financial Times, that the company projects negative free cash flow of $278 billion between 2026 and 2030, while its revenue is expected to rise from $36 billion this year to $350 billion in 2030.

OpenAI expects total revenue of about $840 billion over the five-year period, but forecasts around $856 billion in spending on computing power and infrastructure.

The company raised $122 billion in March and is projected to exhaust that cash by 2028 under its current plans. OpenAI is now in talks with investors over a new funding round at a valuation of more than $1.2 trillion.

The company has also reduced prices as it competes with Anthropic and cheaper open-weight AI models from China.

Despite the projected losses, OpenAI reported signs of stronger revenue growth following new model releases, with annualized revenue increasing by about 20% in July.

OpenAI had previously projected even higher negative free cash flow of $305 billion in May. The company has also delayed plans for an initial public offering that had been targeted for this autumn.