OpenAI is an AI research and deployment company. It is dedicated to ensuring that general-purpose artificial intelligence benefits all of humanity. AI is a powerful tool that must prioritize safety and human needs. The focus of OpenAI is on alignment of interests, rather than profit. The mission is to ensure that artificial general intelligence benefits everyone. This is achieved by encompassing diverse perspectives and valuing the full spectrum of humanity. As an organization, OpenAI believes in the potential of AI to address global challenges and aims for widespread benefits.
OpenAI (ChatGPT) stock is not currently traded in the private markets. We do not have enough data to print a price history for OpenAI (ChatGPT) right now.
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OpenAI (ChatGPT) Valuation
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OpenAI (ChatGPT) IPO
OpenAI is a private company leading generative AI research and development.
This pioneering artificial intelligence AI company has created Dall.E (images), ChatGPT (AI chatbot), and Versatile (speech). OpenAI and its AI models are household names because of their disruptive nature and application across industries.
Many investors are eagerly waiting for an investment opportunity in AI stock. OpenAI the most valuable AI stock, given the current OpenAI valuation of $29 billion. The company has not made any announcement regarding an OpenAI IPO timeline. OpenAI stock is not publicly listed on NYSE or NASDAQ stock exchange.
Although OpenAI is leading the AI race, the company has many competitors. Other significant advanced AI technology private companies include HuggingFace, Anthropic, Inflection, and Cohere.
OpenAI, Inc. founders established the organization in 2015 as a 501(c)(3) non-profit. The company chose this unusual structure to stay true to its mission to better humanity rather than focusing on profit incentives.
They assert that humanity is its main beneficiary not individual investors of the company. Donors have contributed $150 million in donations to OpenAI, Inc.
CEO Sam Altman deliberately did not invest in OpenAI stock in an effort to avoid any conflicts of interest. Altman has publicly asked for additional regulations for AI out of fear the intelligence would be detrimental to society.
Artificial intelligence is developing rapidly and is applicable across many industries. Its usage has been beneficial to help many businesses scale and increase productivity. However, its speed and power has given rise to serious concerns.
Scientists are concerned about AI causing job loss, invading privacy, and spreading false information or cultural biases. Most alarming of all, developers envision a time when artificial intelligence could exceed human intelligence.
Elon Musk invested $50 million in OpenAI and initially sat on its board. He later cut ties with the company over concerns about the the safety of AI. After distancing himself from OpenAI, Musk founded X.ai, a younger competing company creating AI specifically for X.ai applications.
In 2019 the company altered its structure. OpenAI formed OpenAI GP LLC and capped profit subsidiary OpenAI Global LLC. OpenAI created OpenAI Global LLC to overcome the funding limitations of its non-profit structure.
Private companies define minimum requirements to qualify for a public offering of their stock. Official filings usually outline details about minimum market cap, gross proceeds from the share sale, and a minimum stock price. Because of OpenAI's structure, these details are not disclosed.
Several factors could influence an OpenAI IPO launch. One major aspect of the IPO process is locking in backing from an investment bank. These bank underwriters evaluate the company's proposal and look closely at the market growth potential.
The worldwide AI industry has ample room for growth and is expected to reach $1.59 trillion this year.
Investment banks also assess how predictable the company's profits are. Unlike 2021, which experienced frequent IPOs, SPACs, and Direct Listings, the current market doesn't prioritize growth potential and ignore profits. Tech IPO research shows that companies generating approximately $100 million in revenue are more likely to have a successful IPO.
OpenAI's AI/ML model is capital intensive. The company sustained heavy losses of over $500 million in 2022 building ChatGPT. However, future projections are positive. Forecasts suggest OpenAI will make $200 million in 2023 and up to $1 billion in revenue in 2024.
OpenAI's solely utilizes Microsoft's cloud computing services to power the needs of ChatGPT. Microsoft announced intentions to invest $10 billion in investments over the course of several years. This investment will help finance the training and development of AI models which Microsoft can integrate into its own products.
Microsoft will own 49% of OpenAI, so public investors can gain exposure to AI indirectly by buying Microsoft stock.
The AI company has completed a recent funding round totaling $300 million. The round includes top venture investors such as: Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive Capital, K2 Ventures, and Founders Fund.
Research indicates tech companies that go public successfully have usually operated for at least a decade. Some experts believe that AI companies may exit earlier that other tech stocks because of the massive interest in the industry. OpenAI will reach its ten-year operational mark late 2025.
OpenAI may not want to go public soon, even if they have the money and growing market to attract IPO backing. When questioned about an OpenAI IPO date, Altman expressed concerns surrounding liability. The CEO also thinks that investors might not understand or approve of decisions needed to create super intelligence.
An OpenAI initial public offering isn't the only option Sam Altman may consider to take the company public in the future. The company could exit via a Special Purpose Acquisition Company, or SPAC. Altman is the chairman of Oklo's board and co-founded the SPAC company that will take Oklo public in 2024.
Alternatively, the company may elect to launch an OpenAI direct listing in coming years. The company is popular in a successful industry and may not require investment banking funding to become public. OpenAI public stock price could do well if set by organic supply and demand in the market.
Since there is not OpenAI public stock, there is no OpenAI ticker or OpenAI symbol associated with its stock. The company has not announced an initial target stock price. There has been no S-1 form filed with the Securities Exchange Commission.
Does OpenAI (ChatGPT) have stock?
Investors usually get preferred stock and employees typically get common stock options or restricted stock units.
How to buy OpenAI (ChatGPT) stock?
OpenAI (ChatGPT) stock does not trade publicly on Nasdaq or NYSE because it is still a private company. Accredited investors are permitted to buy OpenAI (ChatGPT) stock pre-IPO.
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Trades can take 30 - 60 days to complete and that's why many investors hire experienced private market brokers to ensure things go smoothly. Notice members can message expert brokers for free to learn more about buying and selling private stocks.
What is the OpenAI (ChatGPT) Stock Symbol?
OpenAI (ChatGPT) does not have stock symbol nor does it trade in the public stock market because it is not a public company.
OpenAI (ChatGPT) will choose a stock symbol or stock code prior to IPO.
OpenAI (ChatGPT) will appear in the Notice stock ticker if it has recent private market activity.
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