OpenAI was valued at $29bn last year, but that rose to $80bn early in 2024. The rise in its value coincided with annual revenue exceeding $2bn for the first time, a landmark which came earlier this year. Before that, the launch of the ChatGPT chatbot at the end of 2022 helped put the company into…
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For some time now, Altman has highlighted the AI-chip supply gap in the face of overwhelming global demand. He claims that the lack of these semiconductors fetters OpenAI’s growth and a scheme should be launched to escalate global manufacturing and supply volumes. Altman took to X and posted: we believe the world needs more ai…
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The innovators of ChatGPT responded by headhunting and hiring Emmett Shear, the former head of the Twitch streaming site. This debacle led to 700 employees putting their names to paper, threatening to leave the company and join Microsoft (MSFT.O) if Altman was not reinstated. The newly appointed interim CEO Mira Murati took to X (formerly…
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