Could OpenAI be the next tech giant?

Venture capitalists pumped $60 billion in artificial intelligence in the first half of 2023, including OpenAI, which generates more than $1 billion a year.

The Economist

Sep 21, 2023 – 1.12pm

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The creation of a new market is like the start of a long race. Competitors jockey for position as spectators excitedly clamour. Then, like races, markets enter a calmer second phase. The field orders itself into leaders and laggards. The crowds thin.

In the contest to dominate the future of artificial intelligence, OpenAI, a startup backed by Microsoft, established an early lead by launching ChatGPT last November. The app reached 100 million users faster than any before it.

The Economist