OPENAI EXPECTS BUSINESS TO BURN $115 BILLION THROUGH 2029

Summary from the TLDR AI newsletter

OpenAI has raised its projected cash burn through 2029 to $115 billion, $80 billion higher than the company previously expected. It will burn more than $8 billion this year, $1.5 billion more than it projected earlier this year. The company plans to develop its own data center server chips and facilities to power its technology and control its soaring costs. Its first chip, developed in partnership with Broadcom, will only be used internally and won't be made available to customers.