OpenAI: World's third most valuable unicorn

OpenAI, valued at a staggering $80B, makes it the third most valuable Unicorn after ByteDance (TikTok parent) and SpaceX.

OpenAI’s rise has been extraordinary. Just over a year ago it was valued at $29B. With a reported $2B in annualized revenue, its current valuation gives it a very rich multiple of ~40x Price/Sales (for ref. Nvidia Price/Sales is ~33x)

For more perspective, read more in my detailed newsletter post