Greg Martin, a co-founder and managing director at Rainmaker Securities, added that while the company valuation has risen quickly, so has its revenue. While OpenAI still reportedly burns a ton of cash, he said it’s worth noting that the company went from having $0 in revenue just a few years ago to having billions today. The company is tracking to hit $2 billion in ARR by the end of the year, according to The Information.
“Obviously it is hard to put a proper valuation on OpenAI, but we are seeing a lot of demand,” Martin said. “There is a fear of missing out on the premium the company is getting. There is certainly a cogent argument that the company could be worth a trillion dollars some day.”