ChatGPT Developer OpenAI Valued at $29B?

ChatGPT Developer OpenAI Valued at $29B?

No alt text provided for this image

The Wall Street Journal reported on Thursday that OpenAI, the artificial intelligence research lab behind chatbot ChatGPT, is in talks to sell existing shares in a tender offer that would value the company at around $29 billion as venture capitalists rush to profit from the viral technology.

Venture capital firms Thrive Capital and Peter Thiel’s Founders Fund will purchase shares from existing shareholders including employees.

OpenAI was co-founded in 2015 by Tesla’s CEO Elon Musk, PayPal co-founder Thiel and investor Sam Altman.

Microsoft Corp, which invested $1 billion in OpenAI in 2019, was working on launching a version of its search engine Bing that would use the AI behind the now-viral ChatGPT.

No alt text provided for this image

ChatGPT is a language model that has been fine-tuned for chat-based dialogue. It is designed to generate human-like responses to text inputs in a conversational setting and can be used for tasks such as chatbots and dialogue systems. It has been trained on a large dataset of conversations and has demonstrated strong performance.

The company’s valuation was about $20bn in 2021.

According to Reuters, the firm expects business to boom as it pitches to investors, estimating $200 million in revenue next year and $1 billion by 2024.

Looking to invest in OpenAI? You can’t as it is not publicly traded! But you can invest in the industry by adding "AI" ETFs to your portfolio.

Is Alphabet’s inc. Google outdated now?

Watch the episode here:

Share your thoughts about this topic in the comment section.

This is a shoutout to all of you out there to join the community here:

Instagram?YouTube

It only takes a click to share The Top Line with someone and help make them smarter investors!

Disclaimer: Videos and posts are for educational purposes, not investing advice. Stock markets can return negative and positive returns. You should only be investing if you clearly understand the various risks, including the risk of losing your capital.

No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.??

Any projections, market outlooks, or estimates herein are forward-looking statements and are inherently unreliable.?They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.?Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein.?The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and the publisher undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.

Investing should be part of a well-diversified portfolio that suits your risk profile and appetite. Never invest what you cannot lose! Do your own research and due diligence!

INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN.

Abbas M. Fahs, MBA aka The Financial Advisor is not liable for any loss incurred, arising from the use of, or reliance on, the information provided by any post, video, links, or whatsoever either directly or indirectly.

Disclosure: I may get commissions for purchases made through links in this post at no cost to you.

要查看或添加评论,请登录

社区洞察

其他会员也浏览了