HSBC: Under the trillion-dollar computing power bill pressure, OpenAI is unlikely to be profitable before 2030

Jinse Finance reported that HSBC has released an analysis report stating that OpenAI is unlikely to achieve profitability before at least 2030, and warned that this star AI company will need an additional $207 billion in funding to support its rapidly expanding 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 surpass its cash-generating capacity. HSBC estimates that by 2033, OpenAI's computing power construction expenditure could soar to $1.4 trillion. The report notes that between now and 2030, OpenAI is expected to incur approximately $792 billion in cloud services and AI infrastructure costs, with data center leasing fees alone reaching about $620 billion. The HSBC research team stated that OpenAI's growth trajectory is facing three major challenges: "soaring infrastructure costs," "intensifying competition," and "a capital intensity surpassing all trends in tech history."