BlockBeats News, February 24th: Bank of America pointed out that OpenAI’s revised goal — to achieve $283 billion in revenue and $665 billion in computing power expenditure by 2030 — demonstrates a significant demand for AI in advertising, cloud computing, and productivity.
This move could bring in $45–75 billion in advertising revenue, posing a challenge to tech giants like Google, Meta, and Amazon. At the same time, OpenAI’s partner-driven computing power strategy also presents an opportunity for major cloud computing providers to offer AI infrastructure.
Bank of America believes that although the rising cost of computing power may put pressure on short-term profit margins, these trends will strengthen the long-term growth of the internet and cloud platforms.
