OpenAI Compute Spend Forecast Jumps 25% to $750B, AMD Secures Anthropic Deal
2026-07-22 21:57

Woofun AI reports that OpenAI has raised its projected computing expenditure by 2029 from $600 billion to approximately $750 billion. The organization initiated the Camellia Data Center project in Georgia, USA, featuring a $20 billion initial investment and potential total costs exceeding $30 billion, supported by 3.2 gigawatts of power supply from 2028 to 2032. CFO Sarah Friar warned that revenue growth must align with spending to sustain expansion.

Concurrently, AMD finalized a multi-billion-dollar server agreement with Anthropic, involving up to 2 gigawatts of Instinct MI450 series chips starting in 2027 and potential $5 billion investment upon deployment milestones.

Additionally, Elon Musk's SpaceXAI is building at least one large-scale data center in Texas to augment existing Memphis facilities.

Disclaimer: Views are the author's own and do not represent the platform. Do not reproduce without permission. Content is for reference only, not investment advice. Trade at your own risk.
Tags:
Sarah Friar
Elon Musk
Camellia Data Center
SpaceXAI
OpenAI
Oracle
AWS
Microsoft Azure
AMD
Anthropic
Google
Amazon
NVIDIA
Share:
back