OpenAI, the company behind ChatGPT, is making waves in the industry with a staggering new valuation of up to $90 billion. This remarkable increase, as reported by the Wall Street Journal, triples OpenAI’s previous valuation. The implications of this valuation and what sets investments in AI apart are discussed by Ann Berry, the Founder of Threadneedle Strategies, in an insightful conversation with Yahoo Finance Live.
Berry acknowledges that OpenAI’s new valuation represents a considerable expectation of value creation within a remarkably short period of time. While not entirely surprised, she does express a sense of cautiousness, wondering if the air feels a bit thin at such an inflated valuation in such a short span.
What makes investments in AI particularly intriguing and distinct, according to Berry, is the absence of the usual suspects from the big venture capital firms in the private market. Instead, the focus is on the balance sheets of public companies. This dynamic suggests a heightened level of competition within the private markets for AI, unlike any seen in recent memory.
For those seeking more expert insights and the latest market developments, we invite you to watch the full episode of Yahoo Finance Live by clicking here.
To stay up to date with Yahoo Finance coverage and to subscribe to their channel, click this link: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
Yahoo Finance offers a wide range of services, including free stock quotes, real-time news, portfolio management tools, global market data, social interaction features, and mortgage rates. These resources empower individuals to effectively manage their financial lives.
Yahoo Finance Plus:
With a subscription to Yahoo Finance Plus, subscribers gain access to invaluable tools that can help them invest confidently. Explore new opportunities with expert research and investment ideas supported by in-depth technical and fundamental analysis. Enhance your trading strategies with advanced portfolio insights, comprehensive charting capabilities, fundamental analysis data, and much more.
If you’re interested in learning more about Yahoo Finance Plus, please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Stay updated with the latest news by visiting: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Stay connected with Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
Editor Notes:
The staggering new valuation of OpenAI at $90 billion has caught the attention of the market, raising eyebrows and sparking discussions about the future of AI investments. The rapid growth and immense potential of OpenAI are undoubtedly impressive, but it’s crucial to approach such valuations with a critical eye. The AI landscape continues to evolve, and it’s exciting to see the level of competition and involvement from public companies in this sector. As AI continues to shape our world, it’s essential to stay informed and keep an eye on emerging trends and players in the market. For more AI-related news and insights, be sure to visit GPT News Room at https://gptnewsroom.com.
