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OpenAI is facing a $20 billion funding crisis in 2026 as mounting supplier payment obligations threaten to outpace revenue growth. The company's capital expenditure requirements for training and inference infrastructure have exploded, while revenue growth hasn't kept pace. The company burns through billions annually on GPU clusters, data center operations, and supplier agreements locked in at premium rates. The company's revenue streams remain concentrated in enterprise and consumer subscriptions, which haven't expanded fast enough to cover infrastructure costs. The company faces a choice between dilution, debt, or operational contraction. The crisis matters beyond OpenAI's balance sheet as the company's funding crunch could trigger a broader industry shakeout.