2024-01-01
Annualized Revenue is a VC metric and different from Annual revenue. It is the latest month's revenue multiplied by 12, not how much money they've made in the last 12 months.
The Information
Sources: OpenAI recently topped $1.6B in annualized revenue, up from $1.3B in mid-October; some OpenAI leaders believe OpenAI can reach a $5B ARR by 2024's end
It's effectively an imaginary number. It isn't the revenue made this year. … X: Ant Stanley / @iamstan : Annualized Revenue is a VC metric and different from Annual revenue. It is...
2023-11-22
Big losers on this OpenAI debacle 1) Ilya 2) The women on the board 3) Microsoft Teams
Axios
OpenAI reaches a deal in principle for Sam Altman to return as CEO, with an initial board of Bret Taylor as Chair alongside Larry Summers and Adam D'Angelo
OpenAI said late Tuesday that it had reached a deal in principle for Sam Altman to return as CEO, with a new board chaired by former Salesforce co-CEO Bret Taylor.
2023-11-20
Satya's next board meeting is going to be interesting ... Board: “So we invested $13B into OpenAI, didn't get a board seat, and now we're about to invest how much to build a competitor to OpenAI to hedge the $13B investment we already made?”
TechCrunch
Satya Nadella says Sam Altman, Greg Brockman, and OpenAI staff will join Microsoft's new “advanced AI research team” and Microsoft remains committed to OpenAI
Microsoft has hired OpenAI co-founders Sam Altman and Greg Brockman to head up a “new advanced AI research team,” …