OpenAI’s AI spending spree has ballooned to $750B
TechCrunch AI Tim De Chant ● Covered by 2 sources
OpenAI increased its infrastructure spending target to $750 billion through 2030, raising its earlier estimate by 25 percent as its Stargate data center project stalled. The company's first major project is a 1,400-acre Georgia data center called Project Camellia that will consume 3.2 gigawatts of power between 2028 and 2032, with Georgia Power building primarily natural gas generation capacity to supply it. The expansion commits OpenAI to paying full infrastructure costs and will more than double the utility's natural gas fleet, raising questions about the climate impact of powering large-scale AI infrastructure.
Why it matters
OpenAI will spend the equivalent of Sweden's GDP on infrastructure through 2030.