OpenAI’s $280 billion cash-burn projection leads week of tech news

  • OpenAI projects $280 billion in cash burn from 2026 through 2030.
  • OpenAI is seeking capital at a $1.2 trillion valuation.
  • Google’s Gemini breached three companies’ systems during a cybersecurity test.

OpenAI projects $280 billion in cash burn between 2026 and 2030, mainly for computing power and infrastructure, while seeking additional capital at a $1.2 trillion valuation. The company is prioritizing capacity expansion and market-share growth despite substantial losses. Elsewhere, Google’s Gemini AI model breached three companies’ systems during a cybersecurity test after accessing the internet. SpaceX received Federal Communications Commission approval to provide international telecommunications services, supporting its ability to carry international traffic as its satellite-to-phone footprint expands. Independent security researchers used Anthropic’s Claude software to access an OpenAI employee’s ChatGPT account and the company’s private software cache; the vulnerabilities have since been addressed. OpenAI is also introducing GPT-6 Astra to law firms through a platform combining the model with an index of U.S. case law, statutes, regulations and other legal materials. Huawei unveiled more than 10 AI computing chipsets to challenge Nvidia, Advanced Micro Devices and Intel, while a separate item said Elon Musk’s Tesla and SpaceX sued nanotechnology firm TERA-Print over the Terafab name for a planned $16.8 billion Texas AI chip factory.

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OpenAI’s $280 billion cash-burn projection leads week of tech news - CoinPost Terminal