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OpenAI plans to spend about $100 billion renting backup servers from cloud providers over the next five years, the Information reported on Friday, citing company executives’ discussions with shareholders.
This expenditure is in addition to the $350 billion the artificial intelligence firm has already projected to spend on server rentals from cloud providers this year through 2030, the report said.
Companies are spending hundreds of billions of dollars to secure supply-constrained computing capacity as they race to develop the most sophisticated AI…
