HSBC highlights that while artificial intelligence (AI) stands as a significant long-term growth engine, with OpenAI anticipated to sustain its leading revenue position, the road to profitability appears steep. HSBC projects that even if OpenAI's user base expands to encompass 44% of the global adult population by 2030, achieving profitability will still be a formidable challenge. To fuel its ongoing growth, OpenAI is estimated to necessitate an investment of no less than an additional US$207 billion in computing infrastructure. This investment spree is expected to coincide with a free cash flow deficit also amounting to US$207 billion. Revenue streams are anticipated to barely keep pace with escalating costs, implying that, despite implementing various cost-control and revenue-enhancement measures, OpenAI will still likely require substantial external funding. The company's future hinges heavily on the continued support of its investors and the broader AI industry ecosystem. However, OpenAI confronts a multitude of risks, not least among them the viability of its business model. Raising debt will prove arduous for the company, and there are widespread concerns in the market regarding the long-term sustainability of AI financing. On a macroeconomic scale, the productivity enhancements brought about by emerging technologies have not matched the magnitude witnessed during previous technological revolutions, with more pronounced effects being observed in the leisure and consumption sectors instead.