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OpenAI's Bold Moves Signal a New Era of Growth

Author
GREY Journal
Published
Thu 27 Jun 2024
Episode Link
https://greyjournal.net/news/

OpenAI has significantly influenced the M&A and IPO markets, with notable acquisitions and rapidly growing revenue. Recently, OpenAI acquired search and analytics startup Rockset and video collaboration startup Multi. These deals mark a shift towards inorganic growth, essential for large tech companies. This quarter, M&A activity has slightly increased with over 430 deals, though still lower than in previous years. Additionally, AI chips startup Cerebras Systems filed for an IPO, reflecting rising interest in AI technologies, which has also seen Nvidia become highly valuable. Investors watch closely as AI companies may drive the re-opening of IPO and M&A markets, potentially leading to awaited returns.

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