{"id":196847,"date":"2023-09-28T11:00:09","date_gmt":"2023-09-28T15:00:09","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=196847"},"modified":"2023-09-28T11:48:20","modified_gmt":"2023-09-28T15:48:20","slug":"code-for-gold","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/code-for-gold\/","title":{"rendered":"Code For Gold"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-what-s-going-on\">What&#8217;s going on?<\/h2>\n\n\n\n<p>OpenAI\u2019s&nbsp;<a href=\"https:\/\/techcrunch.com\/2023\/09\/26\/openai-is-reportedly-raising-funds-at-a-valuation-of-80-billion-to-90-billion\/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAACDbba8kxWpRqSS_nZWD40m5IONudI0u68HQGck6acrrJ1wW-25n5KhdmIgTQvJbNf6YkkYow_t80gyFt97LvCfbT9zomGrKOYz2q9TLCTeN3B2nsYqPdGHoFgPpWC1q9CrejRxsb9ngaVU1SMgRspgrUwGYOtVFxOYLMLm0ONrx\">planning<\/a>&nbsp;a share sale that could value the startup at roughly $90 billion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-does-this-mean\">What does this mean?<\/h2>\n\n\n\n<p>OpenAI isn\u2019t just on track to fling the world toward a dystopian future. ChatGPT\u2019s creator is also set to rake in around $1 billion in revenue this year, a result of licensing out brainy language models to businesses and charging individuals for access to a souped-up version of its all-star chatbot. Still, shaping the way the world works is costly business, so OpenAI\u2019s planning to raise cash by selling a bunch of existing shares to deep-pocketed Silicon Valley investors. If all goes to plan, OpenAI could end up valued at $90 billion or more, enough to land it in the major leagues alongside Elon Musk\u2019s SpaceX and the TikTok overlords at ByteDance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-should-i-care\">Why should I care?<\/h2>\n\n\n\n<p><strong><em>Zooming in:&nbsp;<\/em><\/strong><em>Microsoft\u2019s mega shares.<\/em><\/p>\n\n\n\n<p>Microsoft owns almost half of OpenAI, having tossed a ton of cash into it earlier this year when the startup was worth around $30 billion. This stock sale, then, could triple the value of OpenAI on Microsoft\u2019s books. Mind you, there\u2019s no guarantee that Microsoft can maintain its lead over fellow tech titans. While Google and Meta tinker away on their own AI competitors, Microsoft will have to contend with a minority stake in the startup: OpenAI\u2019s boss has ruled out going public or selling to the highest bidder in an effort to cap Microsoft\u2019s share below half.<br><br><strong><em>The bigger picture:&nbsp;<\/em><\/strong><em>There\u2019s no free lunch in Silicon Valley.<\/em><\/p>\n\n\n\n<p>OpenAI\u2019s sudden success is a clear sign of the buzz around AI. And with businesses, industries, and governments around the world all het up about the tech\u2019s possibilities, any firm that brings new silicon smarts to the market could enter the billion-dollar club in a matter of mere months \u2013&nbsp;a feat that usually takes many years. But remember: any opportunity that booms quickly can go bust just as fast, so you\u2019ll need to prepare for some serious ups and downs if you\u2019re invested in tech these days.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted September 27, 2023 &#8211; <a href=\"https:\/\/go.finimize.com\/wp\/news\/code-for-gold\/\">Code For Gold<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OpenAI\u2019s planning a share sale that could value the startup at roughly $90 billion.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[912,14403,4254],"contributors-categories":[13597],"class_list":{"0":"post-196847","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-region","8":"category-securities","9":"category-stocks","10":"category-text-articles","11":"category-traders-insight","12":"tag-artificial-intelligence","13":"tag-chatgpt","14":"tag-valuation","15":"contributors-categories-finimize"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Code For Gold | Traders&#039; 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