Daniel Newman, CEO of Futurum Group, explains why he thinks OpenAI could be the first to reach the mark.
Transcript:
Caroline Woods: When we think about the valuation of OpenAI just hit, what, $500 billion. Do you look at that as, as justified? Or do you look at it and think another bubble could be forming?
Daniel Newman: This one I struggle with when you know that OpenAI’s valuation surpasses so many companies, very legitimate companies that lead industries, entire industries, you start to say, Wow, you know, is there a bubble forming. But then at the same time, when you see this insatiable demand, this insatiable need for AI, you see how fast the revenue is growing and you look at the alternatives. I shared something on X the other day, and I said, I think OpenAI is setting up to be the first trillion IPO. I think it will be dollar trillion when it goes public. And it’s all based on what people believe it can do in the future. And it just shows how much more the market is forward looking. Other industries still have so many questions about what their long term looks like. I seems to be the one industry that everybody agrees that there’s going to be this incredible demand, this incredible scale. But there is exuberance right now, for sure. There’s a frothiness in the market that I think everybody has to at least be realistic that there could be a big pullback at some point.
Subscribe |
Earn. Live. Invest. |
TheStreet Pro |
#openai #ai #ipo
source
