OpenAI has dramatically scaled back its infrastructure spending projections, reducing its target from $1.4 trillion to $600 billion by 2030. The AI company is recalibrating its ambitions after concerns grew about whether it could generate sufficient revenue to justify such massive expenditures. This adjustment comes as the company faces increasing scrutiny over its expansion plans.

OpenAI now projects $280 billion in revenue for 2030, with nearly equal contributions from consumer and enterprise businesses. The company generated $13.1 billion in revenue last year while burning through $8 billion, both figures exceeding internal targets. These revised projections aim to more directly align spending with expected revenue growth, addressing investor concerns about the sustainability of previous infrastructure commitments.

OpenAI is finalizing a funding round that could total over $100 billion, with strategic investors including Nvidia potentially investing up to $30 billion. The company has also secured partnerships with major chipmakers and cloud providers for its infrastructure needs. Despite the spending reduction, OpenAI continues to expand rapidly, with ChatGPT now supporting over 900 million weekly active users and its coding product Codex surpassing 1.5 million weekly active users.