OpenAI Reaches $20B Revenue, Invests in AI Infrastructure

OpenAI, the company behind ChatGPT, is experiencing remarkable growth, expecting over twenty billion dollars in annualized revenue by year-end. Theyre expanding infrastructure with a multi-billion dollar data center project and securing hardware from Nvidia and AMD. Despite Wall Streets concerns about an AI bubble, OpenAIs CEO, Sam Altman, assures that the ecosystem will remain healthy even if OpenAI fails. The U.S. government, led by AI and crypto czar David Sacks, has no plans for federal bailouts, emphasizing the competitive nature of the industry. Altman has discussed loan guarantees for scaling up semiconductor fabrication facilities in the U.S., highlighting a strategic interest in domestic manufacturing capabilities.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.