Latest News

Asahi Beverages targeting real-time sales insight

AI contract restrictions could threaten military missions, US official says

Government data sharing law falls flat

AI data hunger feeding a shadowy proxy ecosystem

Privacy watchdog to refocus on "systemic harms and market practices"

OpenAI expects compute spend of around US$600 billion through 2030

By Staff Writer

Feb 23 2026 6:45AM

Lays ‌groundwork for an IPO.

OpenAI expects compute spend of around US$600 billion through 2030

OpenAI is targeting roughly $600 billion ($848.2 billion) ⁠in ⁠total compute spend through 2030, a source familiar with the matter told Reuters, as the ChatGPT maker lays ‌groundwork for an IPO that ‌could ‌value it at up ‌to US$1 trillion. OpenAI's 2025 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now

Already have an account? Log in to read this article.

Got a news tip for our journalists? Share it with us anonymously here.

© 2019 Thomson Reuters. Click for Restrictions.

Tags:

ai cloud openai

Partner Content

ctrl:cyber strengthens sovereign cyber capability with elevenM acquisition

Promoted Content ctrl:cyber strengthens sovereign cyber capability with elevenM acquisition

Security for smart devices – time to step forward because there's nowhere to hide

Promoted Content Security for smart devices – time to step forward because there's nowhere to hide

Identity at the Centre: Why AI Is Accelerating a New Security Imperative

Partner Content Identity at the Centre: Why AI Is Accelerating a New Security Imperative

Beyond Compliance: How Australia's Aged Care Reforms Create an Innovation Imperative

Partner Content Beyond Compliance: How Australia's Aged Care Reforms Create an Innovation Imperative

Sponsored Whitepapers

Uncomplicate IT Service Delivery with AI Agents

Uncomplicate IT Service Delivery with AI Agents

Getting ahead of the tech: what’s next for Australian organisations in digital transformation

Getting ahead of the tech: what’s next for Australian organisations in digital transformation

Fintech compliance made fast and secure

Fintech compliance made fast and secure

How to evaluate SIEM solutions Safeguarding your future Get a demo Download guide

How to evaluate SIEM solutions Safeguarding your future Get a demo Download guide

2025 Security operations insights: Three-quarters of security leaders need something new in SIEM

2025 Security operations insights: Three-quarters of security leaders need something new in SIEM

Events

Most Read Articles

How CBA unlocked 90 percent of its customer and transaction data

How CBA unlocked 90 percent of its customer and transaction data

Telstra pushes forward with agentic AI plans

Telstra pushes forward with agentic AI plans

Officeworks builds on its Salesforce core

Officeworks builds on its Salesforce core

DTA signs sixth iteration of Microsoft licensing deal

DTA signs sixth iteration of Microsoft licensing deal

Sydney-based AI-cloud waste startup raises $3m

Sydney-based AI-cloud waste startup raises $3m

Brennan uses NiCE to modernise its contact centre

Brennan uses NiCE to modernise its contact centre

Impact Awards: Tecala slashes customer response times for fintech IQumulate

Impact Awards: Tecala slashes customer response times for fintech IQumulate

Interactive introduces private cloud platform

Interactive introduces private cloud platform

Digital61 expands cybersecurity portfolio

Digital61 expands cybersecurity portfolio

Most popular tech stories