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OpenAI is preparing to go public next year.
The Artificial Intelligence leader sold shares at a $500 billion valuation in October.
Three OpenAI insiders now say that the company could go public next year with a market value above $1 trillion, according to Reuters.
That would value OpenAI at the same level as Warren Buffett’s Berkshire Hathaway – with nearly 400k employees and $371 billion in revenues.
OpenAI recently completed an important restructuring. This transformed the company from a non-profit to a for-profit business.
Here’s what the OpenAI ownership currently looks like:
- 27% Microsoft
- 26% OpenAI Foundation (non-profit)
- 26% OpenAI employees
- 21% other investors
Microsoft will clearly be one of the biggest winners. The software giant has seen its investment in OpenAI grow in value by 10-times.
It’s impossible to invest directly in OpenAI.
However, you can use predictive AI to make smarter investments.
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Yours in Wealth,
Ian Wyatt