PANews reported on February 21st that, according to a source familiar with the matter, OpenAI expects its revenue to grow rapidly in the coming years, exceeding $280 billion by 2030. This revenue forecast reflects OpenAI's strong growth momentum in selling AI software subscription services to consumers and enterprises. OpenAI has also recently begun testing advertising services with a select group of users, creating a new potential revenue stream for the company. Furthermore, OpenAI plans to keep its total computing power expenditure to approximately $600 billion by 2030, while simultaneously paving the way for an IPO with a potential valuation of up to $1 trillion.


Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus. US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more
