Official financial reports or credible financial news outlets reporting OpenAI's valuation

OpenAI Targets 1 Billion Users with New AI Products, Apple Partnership; Valued at $157 Billion

Nov 30, 2024, 11:36 PM

OpenAI is embarking on an ambitious expansion strategy aiming to reach 1 billion users, driven by the introduction of new AI products, significant infrastructure investments, and a strategic partnership with Apple. This growth initiative comes as OpenAI continues to innovate following the launch of ChatGPT in November 2022, which has significantly influenced the market. The company's valuation has reached $157 billion, reflecting its robust financial health despite facing substantial losses. Additionally, the impact of ChatGPT on the broader tech industry has been notable, contributing to an estimated $8 trillion increase in market value for major tech firms, including Nvidia, Microsoft, Apple, and Alphabet.