Field notes from the edge.

OpenAI exec says company hopes to burn $50B of somebody else's money on compute this year

OpenAI president Greg Brockman testified that the company expects to spend $50 billion on computing power in 2026, despite not yet achieving profitability or meeting revenue targets. Much of the funding from major investors like Microsoft, Amazon, and SoftBank comes with conditions requiring OpenAI to purchase compute resources from those same investors, effectively functioning as rebates rather t