OpenAI expects to accumulate nearly $280 billion in negative free cash flow by the end of 2030, driven by massive infrastructure spending that outpaces revenue growth. Internal documents indicate cumulative compute and infrastructure costs will reach approximately $856 billion over the next five years, while total revenue is projected at $840 billion despite annual sales surging from $36 billion this year to $350 billion by 2030. The AI lab's current capital reserves from a $122 billion financing round completed in March are expected to deplete by 2028 at current burn rates. Consequently, OpenAI has entered early-stage negotiations for a new funding round with some investors proposing a $1.2 trillion valuation, roughly 41% above its current $852 billion assessment. The company has also paused plans for an IPO originally scheduled for this fall as it focuses on securing additional private capital.