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  • 11 hours ago
Sam Altman said OpenAI expects to surpass $20B in annualized revenue by year-end and has $1.4T in data center commitments over the next eight years. The company plans to expand into enterprise software, consumer devices, robotics, and cloud computing, including a palm-sized AI device developed with Jony Ive’s studio. Altman said OpenAI may raise new funding to support its infrastructure buildout.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02OpenAI CEO Sam Altman said Thursday the company expects to surpass $20 billion in annualized
00:07revenue by year-end and has about $1.4 trillion in data center commitments over the next eight
00:12years. According to TechCrunch, Altman said OpenAI plans to expand into enterprise software,
00:18consumer devices, robotics, scientific discovery, and cloud computing.
00:22The firm OpenAI is developing a palm-sized AI device with Jody Ives' I.O. and said the firm
00:27can self-compute capacity directly to others. Altman added that the company may raise additional
00:31funds through equity or loans to meet future infrastructure needs.
00:35For all things money, visit Benzinga.com.
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