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Top stories today:
- OpenAI said to project $115B cash burn by 2029
- Anthropic settles AI copyright case for at least $1.5B, plus interest
- DOC weighs annual China chip supply approvals for Samsung, Hynix
- OpenAI researchers blame training bias for model hallucinations
- Aging acceleration in transplanted brain cells reversible: Calico study
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. OpenAI said to project $115B cash burn by 2029, ~$80B above prior forecast
Cloud computing and data center costs have driven OpenAIās cash burn projections higher:
~$20B in additional stock compensation charges projected between 2025-2030.
$8B+ in 2025 cash burn, ~$1.5B above its prior estimate.
Cash burn will 2x to $17B+ in 2026.
~$100B is earmarked for server-related costs later this decade.
$9B+ is planned for AI training this year.
OpenAI has also raised its 2030 revenue forecast to $200B, +15% from its prior projection
2. Anthropic settles AI copyright case for at least $1.5B, plus interest
Representational image generated using ChatGPT.
Anthropic will pay ~$3K for each of about 500K books in the class, per the terms of the deal.
The total payout could grow if more claims are submitted.
Anthropic has also agreed to destroy the data it was accused of illegally downloading.
Felt āinordinate pressureā to cut a deal to avoid a potentially business-ending trial, Anthropic said.
The accord āfar surpasses any other known copyright recovery,ā a lawyer representing the plaintiffs said.
12 PM ET: a hearing on the proposed settlement is set.
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4. Department of Commerce weighs annual China chip supply approvals for Samsung, Hynix
South Korean chipmakers have sizable production facilities in China:
