OpenAI has increased its projected AI compute spending for 2030 from $600 billion to $750 billion, reflecting the rapidly growing demand for AI infrastructure. The company also plans to invest $20 billion in its Camellia data center in Georgia, with the total project cost expected to exceed $30 billion. To support its long-term expansion, OpenAI has signed a 3.2-gigawatt (GW) power agreement with Georgia Power covering 2028–2032, securing the large-scale electricity needed to operate next-generation AI data centers. Sector: Artificial Intelligence / AI Infrastructure Key Highlights 💰 Increased 2030 AI compute spending forecast from $600B to $750B 🏗️ Plans to invest $20B in the Camellia AI data center in Georgia ⚡ Total project cost could exceed $30B upon full development 🔋 Signed a 3.2 GW power agreement with Georgia Power for 2028–2032 🤖 Supports the expansion of large-scale AI training and inference infrastructure Why It Matters The higher spending forecast signals OpenAI's long-term commitment to expanding AI computing capacity. Large investments in data centers and power infrastructure are expected to benefit the broader AI ecosystem, including semiconductor, GPU, networking, and cloud infrastructure companies such as CoreWeave (CRWV), NVIDIA (NVDA), and AMD (AMD).