HSBC: Under the pressure of trillion-dollar Computing Power Transaction History, OpenAI is unlikely to be profitable before 2030.

Golden Finance reports that HSBC has released an analysis report stating that OpenAI is unlikely to achieve profitability before 2030 and warns that this star AI company needs an additional $207 billion in funding to support its rapid expansion of Computing Power. Although the bank's analysts predict that OpenAI's annual revenue is expected to exceed $213 billion before 2030, they point out that its infrastructure investment needs will far exceed its cash-generating ability. HSBC estimates that by 2033, OpenAI's Computing Power construction spending could soar to $1.4 trillion. The report notes that from now until 2030, OpenAI is expected to incur about $792 billion in cloud services and AI infrastructure costs, with data center rental fees alone reaching approximately $620 billion. The HSBC research team indicates that OpenAI's growth trajectory faces three challenges: “soaring infrastructure costs,” “intense competition,” and “capital intensity surpassing all trends in technology history.”