OpenAI is increasing its projected cash burn to $115 billion through 2029 to support its ChatGPT chatbot, a significant increase from its previous forecast. The company plans to spend over $8 billion this year alone, seeking to develop its own data center server chips to control costs. OpenAI will produce its first AI chip next year with Broadcom. The company’s ties with Oracle and Google Cloud are deepening, with plans for significant data center capacity. Cash burn is expected to more than double next year, reaching $17 billion, according to The Information.

Read more at Yahoo Finance: OpenAI expects business to burn $115 billion through 2029