OpenAI’s first-quarter 2026 revenue tripled year-over-year to $5.7 billion. Enterprise business expansion drove this rapid growth. The company reported a $3.7 billion cash burn during the same period. High costs stem from developing and scaling advanced AI models. The enterprise segment is projected to generate half of total revenue by late 2026.
Google is diversifying its AI chip strategy to manage infrastructure costs. The company extended its agreement with Broadcom for custom TPUs through 2031. Google also partnered with MediaTek for next-generation TPU components. Production for these new components is scheduled for late 2026.