The company predicted it could spend more than $8 billion this year, roughly $1.5 billion more than an earlier projection, The Information said.

OpenAI raised projected cash burn through 2029 to $115 billion as it ramps up spending to power the AI behind its popular ChatGPT chatbot, The Information reported.

The company predicted it could spend more than $8 billion this year, roughly $1.5 billion more than an earlier projection, The Information said.