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OpenAI's Revenue Surge Amid $600B Compute Spending Shift

2/23/2026

24 2 Full Breakdown

Summary

Story summary

Sam Altman, CEO of OpenAI, announced in Abilene, Texas, that total compute spending will reach $600 billion by 2030, down from $1.4 trillion.
The revision reflects concerns about OpenAI's ability to generate revenue, with projected 2030 revenue over $280 billion versus just over $13 billion last year.
Hasbro is gaining Wall Street favor, reporting 14% revenue growth in 2025 driven by Wizards of the Coast.
Mattel's sales declined 1%.

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Story summary

Sam Altman, CEO of OpenAI, announced in Abilene, Texas, that total compute spending will reach $600 billion by 2030, down from $1.4 trillion.
The revision reflects concerns about OpenAI's ability to generate revenue, with projected 2030 revenue over $280 billion versus just over $13 billion last year.
Hasbro is gaining Wall Street favor, reporting 14% revenue growth in 2025 driven by Wizards of the Coast.
Mattel's sales declined 1%.