Sam Altman On The Road: OpenAI Chats Up Fortune 500, Challenges Microsoft
Portfolio Pulse from Michael Cohen
Sam Altman, CEO of OpenAI, has been engaging with Fortune 500 executives to showcase OpenAI's AI services, including ChatGPT Enterprise, directly competing with Microsoft (NASDAQ:MSFT), their main investor. Meetings in major cities have attracted over 100 senior executives each, discussing applications in finance, healthcare, and energy. OpenAI emphasizes direct collaboration benefits over Microsoft's Azure platform services. OpenAI's valuation hit $86 billion, nearing a $1 billion revenue goal for 2024, with over 600,000 users for ChatGPT Enterprise and Team.
April 12, 2024 | 3:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Microsoft faces direct competition from OpenAI, its investee, as OpenAI pitches its AI services, including ChatGPT Enterprise, to Fortune 500 companies, potentially impacting Microsoft's Azure platform and Microsoft 365 Copilot services.
OpenAI's direct engagement with Fortune 500 companies and the introduction of competitive AI services like ChatGPT Enterprise could divert potential customers from Microsoft's Azure and Microsoft 365 Copilot services. Given Microsoft's significant investment in OpenAI, this internal competition might affect Microsoft's market positioning in AI services and potentially its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90