OpenAI valuation in perspective - chart by Chartr
Talk is meant to be cheap, but OpenAI, the force behind the viral hit ChatGPT, has turned it into an absolute goldmine, with the company currently in discussions to sell shares at a valuation of $86 billion. That's a remarkable three-fold increase from just 6 months ago, with the WSJ reporting an initial range of $80-90bn, before Bloomberg narrowed the figure to around $86bn, citing sources familiar with the matter. That would place OpenAI among the most valuable tech startups in the world, only behind giants like ByteDance (TikTok owner) and SpaceX. For context, it’s also roughly equivalent to the value of 12 of the biggest consumer brands in America combined — a theoretical corporate frankenstein including SNAP, The New York Times, Etsy, Domino’s and 8 others.
Did President Biden pop the AI nvidia bubble?
A similar boom/bust head & shoulders already happened in the recent past... Source: Bloomberg, www.zerohedge.com
Nvidia stock, $NVDA, is now down 7.5% as President Biden restricts AI chip sales to China
The stock has erased nearly $100 billion in value in just over 24 hours. Is it the the beginning of a new trade war with China? Source: The Kobeissi Letter
Through FY24 to FY27, Nvidia $NVDA is projected to generate a total of $342B in revenue
That forecasted total is more than double Nvidia’s lifetime revenues of $160.3B through the end of FY23. Source: Beth Kindig
Microsoft $MSFT is devoting more than 13% of CAPEX to artificial intelligence, the highest amount out of the world’s top cloud service providers
Baidu $BIDU follows with nearly 10%, while Google $GOOG and Meta $META are putting between 6-7% of CAPEX to AI. Source: FT
McKinsey annual State of artificial intelligence survey is here, and the results confirm 2023 is all about generative AI:
by McKinsey & co
This is an AI generated chart
Source: Murilo Pereira
