The artificial intelligence sector is booming, with OpenAI's value projected at $500bn due to ongoing investment interest. This valuation reflects a significant increase from $300bn earlier in the year. Talks focus on a potential sale of stock to current and former employees. OpenAI's annual recurring revenue has reached $12bn and is expected to surpass $20bn by 2025. This growth coincides with a surge in shares for related companies like Palantir, which saw an 8% increase following a positive earnings report. OpenAI has also launched new AI models available for free, enhancing competition in the market.
OpenAI is in talks about a share sale that would value the company at $500bn, a jump from its previous valuation of $300bn set in March.
OpenAI's annual recurring revenue has surged to $12bn, with expectations of exceeding $20bn by the end of 2025.
Shares in Palantir jumped almost 8% after beating Wall Street estimates and raising its full-year guidance due to the artificial intelligence boom.
OpenAI launched new freely available artificial intelligence models that can be customised by developers, targeting competitors like Meta and DeepSeek.
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