OpenAI projects $278 billion negative free cash flow from 2026 to 2030

OpenAI projects cumulative negative free cash flow of $278 billion between 2026 and 2030 while forecasting revenue growth from $36 billion to $350 billion over the same period. The bulk of spending is allocated to computing power and infrastructure, estimated at around $856 billion. The figures, drawn from an internal presentation, underscore the scale of capital required to sustain frontier model development and competition.