#openai-valuation

#openai-valuation

Subscriber momentum accelerated meaningfully to start the year, with January and February on track to be the largest months for new subscribers in our history. People use ChatGPT to learn, write, plan, and build. As usage scales, the product improves in ways people feel immediately: faster responses, higher reliability, stronger safety, and more consistent performance.

Nvidia is in talks about a possible investment of up to $30 billion in OpenAI. The negotiations are part of a new financing round that could value the AI developer at around $730 billion before new investments. This would make it one of the largest private capital rounds ever in the technology sector. This is according to CNBC. According to insiders, this potential investment is separate from the previously announced collaboration between Nvidia and OpenAI in the field of infrastructure.

There was a huge explosion and fireball visible from miles away at a Chevron refinery in El Segundo Thursday night. The cause of the explosion is under investigation, and Chevron has confirmed that no one was injured; residents of El Segundo were being told to stay indoors and that air quality would likely be affected. [CBS News / LA Times] Apple has removed the app ICEBlock, which let users anonymously report and monitor ICE activity in their area, from the App Store, citing 'objectionable content.'

OpenAI achieved a nominal value of $500 billion. In terms of valuation, the posterchild of GenAI - which is yet to make a profit - left in its dust companies like Toyota, the world's largest automaker. To put this in perspective, Toyota [PDF] sells around 10.8 million vehicles per year, accrues an operating income (profit before tax) of around $32 billion and has a market cap of a mere $250 billion.