This is the most insane thing from Open AI Dev Day
ChatGPT just hit 1.2 billion weekly users and 2.5M+ businesses are using its products!
They are already generating $70B ARR off this user base and are expanding their ads business with expectations of $2.5B ARR by EOY
How can you be bearish on this company?
They just grew their revenues almost 75% in the last 1.5 months, adding $30B in ARR since early August
I think OpenAI is going to be just fine and the concerns around their business struggling or defaulting is just nonsense
The revenues for AI labs continue to show up, and if they can start to generate revenue from ads or txn fees too, then I think the labs will become unstoppable companies
The only AI lab risk left is Anthropic, but seeing as they are moving ahead with IPO my guess is the numbers aren't as bad as the market is making it out to be
The aI infra trade is going higher, that's why I see from these numbers OpenAI just released
By the way, if you want to see how I'm allocating to this market, you can check out my real-time portfolio at the link in my bio
Good luck out there!