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Forbes Daily Briefing

Why Sam Altman Won’t Be On The Hook For OpenAI’s Massive Spending Spree

Forbes Daily Briefing

Forbes

Careers, Business, News, Entrepreneurship

4.612 Ratings

🗓️ 12 November 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

OpenAI has gone wild with compute deals this year, committing to spend far more than its balance sheet can currently sustain. So who takes the fall if it can’t pay? It won’t be Altman.

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Transcript

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0:00.0

Here's your Forbes Daily Briefing for Wednesday, November 12th. Today on Forbes, why Sam Altman

0:08.1

won't be on the hook for OpenAI's massive spending spree. Over the last few months, OpenAI CEO, Sam

0:16.4

Altman has been on a tear of dealmaking, announcing multi multi-billion-dollar agreements with the biggest tech

0:22.5

companies in the world. There's Oracle, Invidia, Microsoft, AMD, Broadcom, and most recently,

0:30.7

Amazon. He's committed to spending a grand sum total of $1.4 trillion on data centers in the coming years. An eyebrow-raising figure

0:40.3

for a company which claims its annual revenue is projected to reach $20 billion this year.

0:46.3

This begs an all-important question for the entire tech industry, whose fate is now tied to

0:51.5

OpenAI. What happens if he can't pay?

0:55.5

At an event this past week, OpenAI CFO Sarah Fryer

0:59.6

seemed to suggest that the government could act as a, quote,

1:02.8

backstop for the company's commitments, comments she later walked back.

1:07.8

And in a long-winded post on X,

1:10.0

Altman addressed the question of what happens to OpenAI

1:12.5

if its web of deals falls apart. He said, quote, if we screw up and can't fix it, we should fail,

1:20.3

and other companies will continue on doing good work and servicing customers. He added, quote,

1:26.5

we of course could be wrong, and the market, not the

1:29.4

government, will deal with it if we are. The odds don't look great right now. In a recent blog post,

1:37.0

Tomas Tungus, a general partner at Theory Ventures, wrote that in order to come through on its

1:42.7

compute commitments, OpenAI's revenue

1:45.0

would have to grow to an estimated $577 billion by 2029, roughly the size of Google's revenue

1:52.0

that same year. That's a roughly 2,900% jump from its current projections for 2025.

2:00.2

But OpenAI has options.

...

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