Gerstner: OpenAI achieved escape velocity with $4B revenue and $10.5B capital
Brad Gerstner · Ep18. Jensen Recap - Competitive Moat, X.AI, Smart Assistant | BG2 w/ Bill Gurley & Brad Gerstner · Bg2 Pod · Oct 13, 2024 · at 34:55
Brad Gerstner discusses OpenAI's financial position, revenue ramp, and recent capital raise relative to other frontier AI labs.
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“Don't forget this company, you know, is, has over four billion in revenue scaling. Probably most people think to ten billion plus in revenue. Over the course of the next year, they just raised six and a half billion. They got a four billion dollar line of credit from Citigroup. So among the independent players bill, right? Like Microsoft can choose whether or not they're going to fund it, but I don't think it's a question of whether or not they're going to have the funding. At this point, they've achieved escape velocity.”
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