OpenAI's ambitious target of $665 billion in compute spending by 2030 is set to significantly impact AI stocks, according to a report by Bank of America. The company aims to achieve $283 billion in revenue, driven by substantial demand in sectors like advertising, cloud computing, and productivity. This could potentially generate $45–75 billion in advertising revenue, posing a challenge to industry leaders such as Google, Meta, and Amazon.
OpenAI's strategy, which involves partnerships for compute resources, offers lucrative opportunities for major cloud providers in AI infrastructure. While the rising costs of computing may affect short-term profitability, Bank of America suggests these developments will bolster the long-term growth of internet and cloud platforms.
OpenAI's $665 Billion Compute Spending by 2030 to Propel AI Stocks
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