OpenAI valued at $20 bn

OpenAI, owned by ChatGPT, has emerged as one of the world’s top performing unicorns in the last year. According to the Hurun Global Unicorn Index 2023, the company’s worth has risen to $20 billion, placing it 17th among the world’s 100 most valuable unicorns.

“Unicorns are fundamentally altering how we live and spend our money.” “OpenAI’s ChatGPT has had perhaps the most global impact of any unicorn, rocketing to $20 billion in value and reaching the milestone of 100 million users in just over two months, the fastest-growing consumer software application ever,” Hurun Report Chairman and Chief Researcher Rupert Hoogewerf said.

OpenAI is an AI research and development business that created ChatGPT, an AI chatbot that is taught to follow instructions quickly and deliver precise responses.

The amazing capabilities of ChatGPT have sparked a lot of attention and investment in AI.

OpenAI

It’s worth noting that artificial intelligence is one of the fastest-growing businesses in terms of unicorns, with around 105 unicorns at the moment.

San Francisco-based OpenAI tops the category with a $20 billion valuation, followed by Grammarly at $13 billion and Talkdesk at $10 billion.

The Hurun Research Institute today announced the Global Unicorn Index 2023, a rating of the world’s start-ups created in the 2000s, valued at at least a billion dollars, and not yet listed on a public exchange. The deadline was December 31, 2022, with substantial changes in valuation updated up to the day of publication.

Unicorns are reshaping financial services, company management software, and healthcare. The overall worth of all known unicorns in the world is $4.3 trillion, which is more than Germany’s GDP and double the value of unicorns before Covid. 79% sell software and services including FinTech, SaaS, E-commerce, and AI.