The New York Times reports OpenAI is leaning toward delaying its IPO to 2027. CEO Sam Altman demands at least a $1 trillion valuation, while CFO Sarah Friar backs the delay due to $60 billion in data center commitments.
OpenAI has raised its projected spending on computing resources through 2030 to about $750 billion, up from $600 billion, according to BlockBeats. The company has also started the Camellia data center project in Georgia, with an initial investment of $20 billion, expected power supply of 3.2 gigawatts between 2028 and 2032, and a possible total cost above $30 billion. The report said OpenAI had already signed a data center capacity agreement with Oracle for 6 gigawatts, expanded a multi-year deal with Amazon Web Services to $13.8 billion, and plans to add $250 billion in cloud spending on Microsoft Azure. OpenAI CFO Sarah Friar had previously raised concerns that the company could struggle to keep funding compute expansion if revenue growth fails to keep pace with spending. Separately, AMD reached a server partnership with Anthropic worth several billion dollars. Anthropic plans to buy up to 2 gigawatts of AMD Instinct MI450 chips starting in 2027. AMD may also invest up to $5 billion in Anthropic once the project reaches specified deployment milestones. The report also said SpaceXAI is building at least one large data center in Texas.
Kimi’s release of K3 has renewed scrutiny on premium AI model pricing after Axios said the model is priced far below the high-end systems it is challenging. At nearly the same moment, OpenAI and Anthropic were already locked in a direct contest for users, usage, and task volume. OpenAI CEO Sam Altman posted an unusual public admission on X, saying the company’s performance over the past 12 months had not been good enough and that the fault was mainly his, before adding that OpenAI was heading into its best 12 months ever. Fresh usage figures added context to that message. OpenAI Codex lead Tibo said on July 16 that Codex and ChatGPT Work had passed 9 million active users combined, up from under 1 million in February, 6 million on July 12, and 8 million on July 14. The company also removed a five-hour usage cap for Plus, Pro, and Business users after ChatGPT Work launched and reset credits in multiple rounds. Anthropic answered by extending paid access to Claude Fable 5 and raising Claude Code’s weekly quota by 50% through July 19. On the same day as Altman’s post, OpenAI CFO Sarah Friar published a case for measuring AI by “Useful Intelligence per Dollar,” arguing that token price alone misses the true cost of a successful task. The debate now reaches beyond model quality and into a larger battle over how enterprise AI is priced, measured, and woven into daily work.
OpenAI CFO Sarah Friar refutes claims of missed internal sales and user targets, describing product demand as a 'vertical wall' while acknowledging prediction challenges due to the industry's early stage.
OpenAI closed a historic $122 billion funding round on March 31, 2026, valuing the company at $852 billion post-money. Led by Amazon, Nvidia, and SoftBank, the capital will fuel computing infrastructure, chip development, and the buildout of an AI super-app. ChatGPT now boasts 900M weekly active users.
OpenAI closed a record $122 billion funding round on March 31, 2026, lifting its post-money valuation to $852 billion. The capital will support compute infrastructure, chip development, model training, and product expansion.
OpenAI closed a $122 billion financing round on March 31, 2026, lifting its post-money valuation to $852 billion. The company said the capital will support compute infrastructure, model development, chips, and product expansion.
OpenAI closed a $122 billion funding round on March 31, 2026, with a post-money valuation of $852 billion, setting a new private capital record. Amazon led with $50 billion, while Nvidia and Softbank each contributed $30 billion. Funds will fuel infrastructure, chip development, and a unified AI superapp.
