OpenAI's Sam Altman Is 'Feeling Good' About This Prediction He Made 27 Months Ago
Portfolio Pulse from Rounak Jain
Sam Altman, CEO of OpenAI, remains optimistic about his 27-month-old prediction that the costs of intelligence and energy will approach near-zero due to AI and renewable energy advancements. OpenAI, backed by Microsoft Corp. (NASDAQ:MSFT), has had a successful year and is in talks for a new funding round at a valuation of $100 billion. Altman's forecast is in line with OpenAI's mission to reduce the cost of energy and intelligence through AI.
December 26, 2023 | 8:43 am
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Microsoft Corp. (NASDAQ:MSFT), as a backer of OpenAI, may see positive sentiment due to OpenAI's successful year and ongoing talks for a new funding round at a $100 billion valuation.
Microsoft's association with OpenAI, which is experiencing sustained momentum and is in talks for significant new funding, could reflect positively on Microsoft's stock in the short term. Investors may view this partnership and OpenAI's potential growth as beneficial for Microsoft's future in AI technology.
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