07:10 AM EDT, 09/08/2025 (MT Newswires) -- Microsoft ( MSFT ) - backed OpenAI projected that its business will burn $115 billion through 2029, about $80 billion higher than previously expected, the Information reported Friday, citing sources familiar with the matter.

OpenAI now reportedly expects to expend more than $8 billion this year, roughly $1.5 billion above earlier expectations, and over $17 billion next year.

The cash burn is forecast to rise to about $35 billion in 2027 and $45 billion in 2028, and the company plans to spend nearly $100 billion later this decade on servers it would control, the news outlet reported.

Training and inference compute costs are major drivers, with training costs projected at about $9 billion this year and $19 billion next year, and more than $150 billion expected for inference compute from 2025-30, the Information reported.

OpenAI raised its revenue outlook to $13 billion for this year and anticipates about $200 billion by 2030, with ChatGPT driving a large share of the increase, the media outlet added.

Microsoft ( MSFT ) and OpenAI did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)