tech
OpenAI's AI spending spree has ballooned to $750B
OpenAI will spend the equivalent of Sweden's GDP on infrastructure through 2030.
TL;DR
- OpenAI plans to spend $750 billion on infrastructure through 2030, a 25% increase from earlier estimates.
- The company is initiating this spending with a $20 billion data center project in Georgia, known as Project Camellia.
- Project Camellia will be located on 1,400 acres northwest of Savannah and will draw at least 3.2 gigawatts of power from Georgia Power.
- OpenAI will cover the full cost of infrastructure and electric-service costs for the new data center.
- Georgia Power plans to increase its generating capacity, with most of the new capacity coming from natural gas.
- OpenAI will receive a 50% property tax abatement for 15 years from Effingham County.
- The article notes that the power source for Project Camellia has not been specified by OpenAI or Georgia Power.