"It has partnerships with Microsoft, Nvidia, AMD, CoreWeave, Oracle and Broadcom. These partnerships could evolve into "coopetition" as OpenAI is working to vertically integrate, working to design its own chips and build out its own data center capacity. It also acquired Jony Ive's design firm, io, to develop its own line of AI-native consumer devices, signaling the creation of an AI ecosystem OpenAI is primed to own."
"By the numbers: Four times in the past two months, announcements of OpenAI-related deals sent shares of Oracle, Nvidia, AMD and Broadcom soaring. That boosted the combined market value of these stocks by $630 billion in just one day of trading after each reveal, according to FactSet and the Wall Street Journal. OpenAI came up 19 times on Microsoft's earnings call Wednesday evening, versus just three times in its July earnings."
"The company is laying the groundwork to go public at a $1 trillion valuation, according to Reuters. That's a hefty number given that the company is on track to generate around $13 billion of revenue this year and lose almost $20 billion, Gil Luria, managing director at the investment firm D.A. Davidson, tells Axios. Companies often go public without being profitable, however."
OpenAI has partnerships with Microsoft, Nvidia, AMD, CoreWeave, Oracle and Broadcom while pursuing vertical integration by designing its own chips and building data-center capacity. The company acquired Jony Ive's design firm io to develop AI-native consumer devices and position an owned AI ecosystem. OpenAI-related deal announcements caused large stock rallies, boosting combined market value of several partners by $630 billion after each reveal. Microsoft cited OpenAI-related losses contributing to a quarterly loss. OpenAI is preparing for a potential public offering at a $1 trillion valuation amid large projected losses and CEO Sam Altman's plans for massive AI capex.
Read at Axios
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