An Nvidia executive says AI compute costs far exceed human labor costs, even as Big Tech commits $740 billion in capex for AI infrastructure this year.

As AI labs raise prices, enterprise spending on AI could shift from a competitive advantage to a financial liability, Axios reports.

OpenAI has revised its financial projections upward, now forecasting $665 billion in cumulative cash burn through 2030—$111 billion more than prior estimates—driven by soaring AI training and inference costs.