""Beyond boring corporate governance things, let's talk a little bit about the business," OpenAI CFO Sarah Friar said at the Goldman Sachs tech conference this week, after explaining the startup's complex restructuring. "In terms of where we're going, think of OpenAI in terms of becoming very much a full stack company." By full stack, Friar means a tech company that owns and operates every part of its business."
""The company, as you look forward, will become very much a full stack company, with a lot of places that we can build both moats and really interesting business models," Friar explained. She didn't say it, but the target is most likely Google. The search giant has spent 25 years developing the building blocks it needs to win in AI. That includes energy assets, specialized in-house chips, massive data centers, leading AI models, talent, developer platforms, wide distribution, and billions of consumer and enterprise touchpoints."
OpenAI signed a memorandum of understanding with Microsoft to end a contractual dispute and create a corporate structure that enables issuance of traditional equity, facilitating large capital raises. OpenAI aims to become a full stack technology firm, developing in-house chips, building data centers, and offering AI-powered software beyond ChatGPT. The strategy seeks control of the full technology stack to build competitive moats and business models. The most likely competitor target is Google, which has decades of investments in energy, specialized chips, massive data centers, leading models, talent, platforms, distribution, and consumer and enterprise touchpoints. OpenAI retains strategic beachheads to expand up and down the stack.
Read at Business Insider
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