-0.28 OpenAI resets spending expectations, from $1.4T to $600B (www.cnbc.com S:-0.28 )
225 points by randycupertino 5 days ago | 191 comments on HN | Moderate negative Contested Editorial · v3.7 · 2026-02-26 04:24:28 0
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The CNBC article URL about OpenAI's spending projections is inaccessible to most readers due to a paywall/authentication wall, directly impeding Article 19 (freedom to seek and receive information) and Article 12 (privacy protections through information control). The structural barrier to content access undermines transparency about technology development spending, a matter of significant public interest.
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HN Discussion 20 top-level · 29 replies
givemeethekeys 2026-02-24 19:19 UTC link
So handwavy... 1.4T.. 600B. Pure marketing fluff to keep the hype machine going.
lumost 2026-02-24 19:20 UTC link
Didn't oracle take out real loans and spend real dollars based on this commitment?
mnky9800n 2026-02-24 19:22 UTC link
I too have reset my spending expectations down from $1.4T.
paxys 2026-02-24 19:22 UTC link
> OpenAI is projecting that its total revenue for 2030 will be more than $280 billion

For context, that is more than the annual revenue of all but 3 tech companies in the world (Nvidia, Apple, Google), and about the same as Microsoft.

OpenAI meanwhile is projected to make $20 billion in 2026. So a casual 1300% revenue growth in under 4 years for a company that is already valued in the hundreds of billions.

Must be nice to pull numbers out of one's ass with zero consequence.

tyre 2026-02-24 19:24 UTC link
It’s interesting that they felt the need to leak this to the press.[0] Some investors or partners (or LPs, board members, etc. of those) are getting spooked by the spending plans and rightfully questioning if the return is there. Putting it in public my feel like a stronger commitment (though I doubt it.)

Even with the revised numbers, I cannot believe that they’ll have $280bn in revenue by 2030.

[0]: You can tell by the reason the sources are granted anonymity: because the information is private, not because they aren’t authorized to speak on the matter

carefree-bob 2026-02-24 19:25 UTC link
These numbers were always out of line with basic infrastructure constraints. People were talking like the US would build 50 new nuclear power plants in 10 years. And I believe we will not see $600B either, there are basic infrastructure, permitting, and power delivery limits.
cmiles8 2026-02-24 19:25 UTC link
This is more complicated than just hand wavy spending expectation resets. Other companies were taking these “commitments” and gearing up for capital investments to meet all that demand which is now vaporizing. That creates a big mess as the hype AI hype machine starts to unravel.

This looks very much like a careful move to deflate the bubble without popping it, but we’ve likely passed that point.

locusofself 2026-02-24 19:26 UTC link
The market is spooked by capex projections generally. Interesting that Microsoft, despite some apparent hesitation in 2025, seems to be still going all in on AI spend over the next several years according to the most recent earnings call.
oxag3n 2026-02-24 19:28 UTC link
We are at the end of the exponential!

90% chance in 6-12 months spending expectations drop to $0.

ryandvm 2026-02-24 19:34 UTC link
I don't get it.

A trillion here, a trillion there and all the AI companies are also telling us they're planning on wiping out 2/3 of jobs in the next 10 years? Nothing about the economics of the AI boom makes any sense.

I'm not saying it's not possible, but if we wipe out 2/3 of jobs with AI, who is going to be buying *all the stuff*?

Unemployed people aren't much of a demographic, and you can't just say UBI because that doesn't make sense either. You think the billionaires are going to allow themselves to be taxed heavily enough to support UBI just so that there's a market for people to buy stuff from them? That's nonsense.

Not trying to creep anybody out, but I just don't see a stable outcome for a society that doesn't need 2/3 of the population.

Saig6 2026-02-24 19:42 UTC link
The 1.4T commitments was over 8 years, not by 2030.

https://x.com/sama/status/1986514377470845007

louiereederson 2026-02-24 19:44 UTC link
This article is bad. It is mixing up capex and opex. OpenAI is projecting more spending on compute through their income statement now than they were 6 months ago.
jjkaczor 2026-02-24 19:45 UTC link
So are all the RAM, GPU and HD manufacturers going to honour their purchasing commitments?
chasd00 2026-02-24 19:58 UTC link
first bullet from the link

> After previously boasting $1.4 trillion in infrastructure commitments, OpenAI is now telling investors that it plans to spend $600 billion by 2030.

does the word "commitment" have a different meaning in this context? How do you cut a commitment >50%? OpenAI's partners are making decisions based on the previous commitment because.. OpenAI committed to it. I must be completely wrong because how does this not set off a severe chain reaction?

edit: as others have pointed out, the article is misleading. $1.4T was over 8 years or by 2034. 2030 is halfway to 2034 and $600B is not too far from half of $1.4T.

gehsty 2026-02-24 19:59 UTC link
It is insane that they have this little of a handle on their buildout. It makes the $600B feel even more empheral.
adverbly 2026-02-24 20:56 UTC link
What do we think? Is this possible without AGI level breakthroughs?

If we see a continuation or even a slowdown of the current trend, the technology overhang, lagging productization, and catch up from the slow adoption of AI by businesses probably gets them part of the way there, but I don't know about 1000% growth at this point... Seems kinda like they're banking on another breakthrough no? And if they don't get the breakthrough, the downside risks such as a competitor of some sort destroying their margin can't exactly be ignored...

anizan 2026-02-24 20:58 UTC link
OpenAI doesnt have a single model in top 10 models being used on openrouter.ai

Thats a weekly metric on https://openrouter.ai/rankings flagship chatgpt 5.2 model is at #16

PMF is now evolving when competitor models are either smarter or cheaper.

nova22033 2026-02-24 21:34 UTC link
Wasn't most of this spending going to ORCL?

https://www.cnbc.com/quotes/ORCL

Remember this press conference?

https://www.youtube.com/watch?v=IYUoANr3cMo

throw_rust 2026-02-24 22:06 UTC link
They sure are humble for people who say they are building God.
duxup 2026-02-25 14:36 UTC link
I'm not convinced that companies venturing into the unknown really know more than anyone else, they just survive or don't. I've no idea what OpenAI is up to and honestly the public actions of Sam & Co seem like they feel kinda insecure about their position... whatever that position is.
dragonwriter 2026-02-24 19:32 UTC link
Wasn't it always an expectation, not a commitment?

If they didn't appropriately account for risk that the expectation would not pan out, well, that's on them.

0cf8612b2e1e 2026-02-24 19:34 UTC link
I like the little blurb at the end which said that Codex had 1.5 million users. So, if you can get each of them to pony up a mere $186k a piece, they can hit those revenue numbers.
0cf8612b2e1e 2026-02-24 19:36 UTC link
However, we are all going to be paying higher energy costs for these ridiculous infrastructure claims. Utilities typically price out energy three years in advance. If they were protecting for twice as many energy sinks, that represents an enormous amount of generation capacity which needs to be accounted for in projections.

I saw a report that previous capacity pricing was $28/MWh/day. Latest numbers have shot up to $300.

iSloth 2026-02-24 19:47 UTC link
Based on what? Each model so far has been noticeably better than the last, so I don’t see why the next wouldn’t be too?
raincole 2026-02-24 19:48 UTC link
> a casual 1300% revenue growth in under 4 years for a company that is already valued in the hundreds of billions.

Such a weird sentence. The correct causality should be: It's valued in the hundreds of billions because the investors expect a 1300% revenue growth.

famouswaffles 2026-02-24 19:52 UTC link
>I'm not saying it's not possible, but if we wipe out 2/3 of jobs with AI, who is going to be buying all the stuff?

Money is just a proxy for access to resources. If a machine that is capable of replacing almost all jobs is really created then money will matter much less than access to said machine. Taken to the extreme to make the point, if you had a genie that could grant your every wish, what would you need money for ?

johnwheeler 2026-02-24 19:58 UTC link
best comment
AvAn12 2026-02-24 19:59 UTC link
A wise move.
agentifysh 2026-02-24 20:03 UTC link
MS, GOOG bonds being sold to fund capex still put them green $/employee, they will survive of not thrive.

OpenAI...not so sure, they need an IPO soon while public still is high off the double bull run post 2020

fxtentacle 2026-02-24 20:10 UTC link
I think TSMC laughed them out of the room when they announced the original numbers. So maybe there’s no reaction now because everyone already knew not to trust OpenAI’s promises.
akudha 2026-02-24 20:13 UTC link
I have used AI a bit, like it for a bunch of use cases. But god damn, these numbers are so big. Gotta wonder, are the returns even worth it? RAM prices up, electricity prices up, hard disk prices up… Maybe this is the price to pay for “progress”, but it sure is wild
kylehotchkiss 2026-02-24 20:13 UTC link
ugh lower the interest rates Jerome, I'll do anything to tank the economy until you finally do.
fred_is_fred 2026-02-24 20:17 UTC link
These were more like infrastructure suggestions.
raincole 2026-02-24 20:22 UTC link
> how does this not set off a severe chain reaction?

Just like you and me, Sam Altman can say anything he likes to say. To pump the investors' confidence, to make the US administration believe he's serious about AGI, or just to make himself feel good. It's not legally binding in any way.

You should never read it as "OpenAI committed to..." but as "Altman said these words..." and words mean very little today.

rhelz 2026-02-24 20:30 UTC link
I have done my fair share of misunderestimating before, but I've never been off by that much.
unglaublich 2026-02-24 20:36 UTC link
We're already there. Most of us have jobs that are just made up to fill the gaps after steam power and automation. In the future, we'll have jobs that fill up the AI gap. It's UBI, but more arbitrary so we can tell ourselves we're useful while group X is not.
rchaud 2026-02-24 20:36 UTC link
It's not unforeseeable that the US demarcates Special Economic Zones without environmental oversight or labor regulations to speed up the construction.
mrkeen 2026-02-24 21:03 UTC link
I hadn't heard of openrouter.ai. I have heard of OpenAI.

Is this like Windows and MacOS not being in the top 10 of distrowatch.com?

Garlef 2026-02-24 21:05 UTC link
Could also just be a bias in the audience
btown 2026-02-24 21:07 UTC link
OpenAI, frankly, benefits from the "nobody ever got fired for buying IBM" phenomenon.

And there's a reason that OpenRouter has an OpenAI compatible layer highlighted not deep in docs, but on their Quickstart page: https://openrouter.ai/docs/quickstart#using-the-openai-sdk

The number of projects accessing OpenAI directly, who might only reach for OpenRouter once an alternative is desired, is unknowable (since OpenAI doesn't share usage statistics), but likely meaningful.

MeetingsBrowser 2026-02-24 21:08 UTC link
The number of tokens seen per model on OpenRouter is not a good measure of quality.

There are so many plausible explanations for why a particular model is or is not ranked in the top 10 by this metric.

Maybe people using OpenAI models are so happy that they don't care about other models and have no need for OpenRouter. Maybe OpenAI models produce fewer tokens, or are more expensive per token.

Your conclusion might be correct, but citing the number of tokens seen by OpenRouter is not very strong evidence.

Yizahi 2026-02-24 21:10 UTC link
The bankruptcy couldn't happen to nicer company.
TimPC 2026-02-24 21:10 UTC link
OpenAI is a bet on LLMs replacing a large chunk of the labour force in whatever sector it’s best at replacing. It’s essentially looking to get companies to pay $5k-$10k a month to have coding agents replace the output of a single software engineer.

If the S-curve levels off below that level OpenAI will be an unsuccessful company.

parliament32 2026-02-24 21:13 UTC link
I, too, can make $280B in revenue by 2030 (by selling $10 bills for $5 (as long as I bamboozle enough investors into giving me sufficient capital, of course)).
nova22033 2026-02-24 21:35 UTC link
and that's just my doordash order..
lithocarpus 2026-02-25 06:05 UTC link
"who is going to be buying all the stuff?"

Easy - a greater portion of the world's resources can go toward the luxury market for the wealthy. This is already the trend.

It's dark but certainly not impossible to have a smaller and smaller group doing all the spending and keep spending the same, and to keep stability by force using technology.

I want no part of it.

mike_hearn 2026-02-25 09:14 UTC link
That's why Elon is betting on datacenters in sun-synchronous orbit.
blitzar 2026-02-25 09:38 UTC link
the tweet has capital letters and punctuation - I doubt the authenticity of this post
tim333 2026-02-25 16:13 UTC link
I think the optimistic scenario is AI can do the jobs but humans don't become unemployed so the workforce is 1 lot of humans +2/3 that in AI. The humans are wealthier and can buy the stuff.

Like rather than Dilbert writing code, he gets promoted to pointy haired boss and manages an AI which writes the code.

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Longitudinal · 6 evals
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Audit Trail 26 entries
2026-02-28 14:23 model_divergence Cross-model spread 0.65 exceeds threshold (4 models) - -
2026-02-28 14:23 eval_success Lite evaluated: Neutral (0.00) - -
2026-02-28 14:23 eval Evaluated by llama-3.3-70b-wai: 0.00 (Neutral)
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PR tech news neutral
2026-02-26 23:03 eval_success Light evaluated: Neutral (0.00) - -
2026-02-26 23:03 eval Evaluated by llama-4-scout-wai: 0.00 (Neutral)
2026-02-26 20:11 dlq Dead-lettered after 1 attempts: OpenAI resets spending expectations, from $1.4T to $600B - -
2026-02-26 20:09 rate_limit OpenRouter rate limited (429) model=llama-3.3-70b - -
2026-02-26 20:08 rate_limit OpenRouter rate limited (429) model=llama-3.3-70b - -
2026-02-26 20:07 rate_limit OpenRouter rate limited (429) model=llama-3.3-70b - -
2026-02-26 17:36 dlq Dead-lettered after 1 attempts: OpenAI resets spending expectations, from $1.4T to $600B - -
2026-02-26 17:34 rate_limit OpenRouter rate limited (429) model=llama-3.3-70b - -
2026-02-26 17:33 rate_limit OpenRouter rate limited (429) model=llama-3.3-70b - -
2026-02-26 17:32 rate_limit OpenRouter rate limited (429) model=llama-3.3-70b - -
2026-02-26 09:00 dlq Dead-lettered after 1 attempts: OpenAI resets spending expectations, from $1.4T to $600B - -
2026-02-26 09:00 dlq Dead-lettered after 1 attempts: OpenAI resets spending expectations, from $1.4T to $600B - -
2026-02-26 08:59 dlq Dead-lettered after 1 attempts: OpenAI resets spending expectations, from $1.4T to $600B - -
2026-02-26 08:59 dlq Dead-lettered after 1 attempts: OpenAI resets spending expectations, from $1.4T to $600B - -
2026-02-26 08:58 rate_limit OpenRouter rate limited (429) model=hermes-3-405b - -
2026-02-26 08:57 rate_limit OpenRouter rate limited (429) model=llama-3.3-70b - -
2026-02-26 08:57 rate_limit OpenRouter rate limited (429) model=mistral-small-3.1 - -
2026-02-26 08:57 rate_limit OpenRouter rate limited (429) model=qwen3-next-80b - -
2026-02-26 08:57 rate_limit OpenRouter rate limited (429) model=hermes-3-405b - -
2026-02-26 08:54 eval Evaluated by deepseek-v3.2: -0.65 (Neutral) 13,556 tokens
2026-02-26 04:24 eval Evaluated by claude-haiku-4-5-20251001: -0.30 (Mild negative) 15,665 tokens 0.00
2026-02-26 04:13 eval Evaluated by claude-haiku-4-5-20251001: -0.30 (Mild negative) 15,707 tokens +0.05
2026-02-26 03:42 eval Evaluated by claude-haiku-4-5-20251001: -0.35 (Neutral) 15,675 tokens