Tuesday, 02 January 2024 12:17 GMT

Openai Plans Additional $100 Billion In Server Spending To Ease Compute Crunch: Report


(MENAFN- AsiaNet News)

OpenAI is reportedly preparing to dramatically expand its spending on computing power as demand for its artificial intelligence products continues to strain infrastructure. 

According to a report by The Information, the company informed some of its shareholders that it plans to spend an additional $100 billion on rented backup servers over the next five years. The report added, citing sources, that the new expenditure would be in addition to the $350 billion already projected through 2030 for server rentals.

Get updates to this developing story <directly on Stocktwits.

Read also: Tim Cook Reportedly Says Apple Watch Could Alert 1 Million Users to Hypertension This Year

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