OpenAI Raises 2030 Compute-Spend Forecast to $750 Bln; $20 Bln Georgia Data Centre, 3.2 GW Power Deal

Trading Random
07/22

Wall Street Journal reports OpenAI is expanding its data‑center footprint and has raised its compute‑spend forecast through 2030 from about $600 bln earlier this year to roughly $750 bln, citing new agreements with cloud providers to secure large‑scale compute for AI model development and operations.

OpenAI said it will invest $20 bln to launch the "Camellia" data centre in Effingham County, Georgia, and has signed a contract with Georgia Power for 3.2 GW of electricity supply covering 2028–2032; total project costs may exceed $30 bln, potentially making it one of OpenAI’s largest facilities.

Sources say OpenAI has hired Brent Mayo, a former lead architect on Musk’s data‑centre projects, to help keep the build on schedule.

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