Key Points
-
Microsoft has invested $13 billion in OpenAI, becoming its primary cloud partner with access to models through 2032.
-
Nvidia plans to deploy over 10 gigawatts of computing systems to OpenAI, investing up to $100 billion to support their AI projects.
-
Oracle reported a 21% increase in revenue, reaching $19.2 billion, driven by large cloud deals with OpenAI and other tech leaders.
OpenAI’s ChatGPT has quickly reached nearly 1 billion weekly active users since its launch in late 2022 and was valued at $852 billion in March. High investor demand could push its worth to $1 trillion.
Microsoft’s revenue grew 18% year-over-year, with its AI business alone reaching $37 billion annually. Nvidia experienced an 85% revenue surge, totaling $82 billion, while Oracle’s cloud infrastructure revenue soared by 93%, reaching $5.8 billion.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
