Despite a decrease in global startup funding, AI-related firms continue to attract capital. OpenAI is leading the pack of startups in the generative AI sector and is expected to generate $1 billion in annual revenue from ChatGPT. Investors are optimistic about OpenAI's potential, with some believing it could become a standalone public company valued over $1 trillion in the future.
Key takeaways:
- OpenAI is in discussions to strike a deal involving employee shares that could triple its valuation to $80 billion, making it the third most valuable private company in the world and the most valuable in San Francisco.
- OpenAI is in talks with investors including Thrive Capital to sell up to $1 billion worth of employee shares, which could help it compete for engineering talent.
- Despite a global downturn in startup funding, AI-related firms like OpenAI are exceptions, with investors optimistic about their future potential.
- OpenAI is reportedly on track to generate $1 billion in annual revenue from its AI tool ChatGPT and is exploring the development of its own AI chips and artificial general intelligence.