OpenAI boosted its revenue and cash burn forecasts, The Information reports

According to a new report from The Information, OpenAI is boosting both how much cash is expected to come through the door and how much it will be sending out of it.

The ChatGPT maker increased its revenue projection for the next five years by 27% while also forecasting $112 billion in additional cash burn (or more than twice as much as previously expected), per the report. New revenue streams like advertisements are likely contributing to this improved top-line outlook.

More cash outflows, of course, necessitate that the firm be given more money to spend. OpenAI is in the midst of nailing down a $100 billion funding round in which Nvidia, Amazon, and SoftBank are expected to be major contributors. It’s expected to be valued at $730 billion, per various media reports, as ChatGPT remains the most heavily used chatbot.

CNBC, citing sources, also reports that “OpenAI is telling investors that it’s now targeting roughly $600 billion in total compute spend by 2030, months after CEO Sam Altman touted $1.4 trillion in infrastructure commitments.”

However, it’s unclear whether this represents scaled-down ambitions or more of a timing mismatch, as Altman tweeted in November, “We are looking at commitments of about $1.4 trillion over the next 8 years.”