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7/22/2026 1:03:00 PM

OpenAI: Lifts Compute Spend Forecast to $750 Billion

OpenAI: Lifts Compute Spend Forecast to $750 Billion

OpenAI raised its 2030 compute spending projection to $750 billion from $600 billion and committed $20 billion to Project Camellia data center in Georgia.

Source

Analysis

OpenAI lifted its compute spending projection to $750 billion through 2030, up from $600 billion earlier this year, and will invest $20 billion to launch Project Camellia, its first self-designed data center in Effingham County, Georgia, drawing 3.2 gigawatts from Georgia Power between 2028 and 2032 instead of leasing chips from Oracle or AWS.


Evan

@StockMKTNewz

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