OpenAI's AI spending spree has ballooned to $750B

https://techcrunch.com/2026/07/22/openais-ai-spending-spree-has-ballooned-to-750b/

Crossposted from https://lemmy.today/post/57233941

93 points · 4 comments · view on lemmy.world

4 Comments

ExtremeDullard@piefed.social · 29 pts · 18d (1 reply)

This bubble will make one hell of a pop.

chaogomu@lemmy.world · 9 pts · 18d

My prediction is by the end of the year.

Oil is soon to spike due to the Strategic Reserves being emptied. That will spike energy prices.

Then you have daily stories of companies learning that AI is more expensive than the employees they just fired. (And less capable)

Oracle just fired 20k employees.

And Spacex stock is tanking.

All taken together, this nightmare might finally be lifting.

RedstoneValley@sh.itjust.works · 15 pts · 18d (1 reply)

The first salvo in OpenAI’s spending spree will be a $20 billion data center campus in Georgia known as Project Camellia.

What's a "data center campus"? Is that where young GPUs learn to waste energy?

obviouspornalt@fedinsfw.app · 8 pts · 18d

data centers so big that they're spread into multiple large buildings are a campus.