Leaked FT Deck: OpenAI Projects $278B Negative FCF Through 2030 on Path to $350B Revenue

An FT-obtained OpenAI presentation shared in July as part of a major compute deal projects roughly $278B of negative free cash flow between 2026 and end-2030, revenue growth from $36B this year to $350B in 2030, and about $856B of infrastructure and compute spend by 2030. Figures are internal projections, not audited disclosures.