If OpenAI is to float on the stock market this year, it needs to start turning a profit
Guardian AI
•
Generative AI
AI Business
The poster child of the AI boom, valued at $850bn, needs to show strategic discipline after ‘casting its net too wide’ If OpenAI is going to float this year, it has to get serious about its business model. The wow factor around the US company - the poster child of an AI industry boom that has stoked fears of a stock market bubble - has been long established, but when will the profits come? The party can’t go on for ever. The developer of ChatGPT is one of the biggest startups in the world and is now valued at $850bn (£645bn.