The future of AI
?Investment in Artificial Intelligence is surging in a manner reminiscent of the financial frenzy once unique to the blockchain sector. A glance at this image from CB Insights reveals revenue multiples that leave us astounded, with some AI companies reaching sky-high valuations. 'Hugging Face' leads the charge with a staggering 150x revenue multiple, eclipsing even the most optimistic valuations in traditional markets. This voracious appetite for AI underscores a clear expectation: technology is not just the future; it's the present actively reshaping the rules of economic engagement and the value of innovation in real-time.
OpenAI, the titan in the AI research and deployment arena, is a testament to how fervent the market is about the potential of AI. With a valuation that soared to an incredible $80 billion and a recent funding round closing in early 2024, the numbers tell a tale of rapid growth and high stakes. The partnership with Microsoft, injecting a substantial $10 billion and harnessing Azure's capabilities, has positioned OpenAI as a juggernaut, powered by the titan's cloud and AI services. Furthermore, the revenue growth from $28M in FY 2022 to a projected $1.6B in FY 2023 is nothing short of meteoric, signaling not just a strong market demand but also a masterful monetization of AI technologies that many had only dreamed of a decade ago.
That would let Open AI at the level of Solana in the crypto ranking by Market Cap.:
But don't loose your perspective when trying to look into the future. This is the week where Claude surpased Open AI models in the ranking:
And more than this, the future is Open Source!!
LLama, Mixtral, Grok and now DBRX!! From my perspective, the future is Open Source and is simply inevitable.