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Lana

👤 Speaker
2056 total appearances
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Appearances Over Time

Podcast Appearances

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

We'll also check in with Carl to get his answers to your burning questions.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

More on the way, but first...

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

Super sparkly unicorn OpenAI just closed a record-breaking $122 billion funding round, lifting its valuation to $852 billion.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

Right now, OpenAI is burning cash on chips, data center build-outs, and talent to stay ahead in the AI race.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

So this latest cash raise is a necessary refueling.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

Most of the funding came from within the AI ecosystem.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

Amazon committed $50 billion, and Nvidia and SoftBank kicked in $30 billion each.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

That sure makes the AI boom look a little circular.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

Part of Amazon's pledge hinges on open AI either achieving artificial general intelligence — think the almost-human Black Mirror type — or going public.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

And with ChatGPT's creator eyeing an IPO later this year, the latter may be more likely — and less terrifying.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

OpenAI also cracked the door open to retail investors.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

$3 billion of this funding came from them.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

Plus, its shares will be included in some of ARK Invest's ETFs.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

ChatGPT may be everyone's bot bestie, but OpenAI needs to win over businesses if it wants to keep up with Anthropic.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

The rival AI lab's clod tools have been gaining favor among corporate types.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

And once those things get wired into workspace systems, they're likely to stick.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

Those so-called enterprise sales are essential.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

They already make up 40% of OpenAI's roughly $2 billion in monthly revenue.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

Over the last 25 years, high-growth startups have stayed private for longer, meaning that big institutions feast while regular investors watch through the window.

The Finimize Daily Brief
OpenAI’s Latest Round Of Funding Is Practically Mythical, And Warren Buffett Still Loves Apple – Just Not That Much

But an IPO would give everyday folks direct access, while handing a unicorn a fresh pile of money to keep growing.