OpenAI targets $1.2T valuation amid projected $278B cash drain by 2030

OpenAI is reportedly seeking a $1.2 trillion valuation, with internal projections showing revenue growing tenfold but cumulative cash outflows reaching $278 billion by 2030 due to heavy computing costs. The report highlights a widening gap between revenue growth and capital expenditure, raising questions about long-term funding sustainability. This signals continued massive capital intensity in frontier AI, with implications for tech sector valuations and investor risk appetite.