Why OpenAI is the first company to be No. 1 on the CNBC Disruptor 50 list two years in a row

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 59%

News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

OpenAI repeats as the No. 1 company on the 2024 CNBC Disruptor 50 list as AI redefines the way VCs, startups and market giants invest, interact and compete.

Only two companies have ever landed the top spot on the CNBC Disruptor 50 list twice: SpaceX, and now, OpenAI.

After a dramatic boardroom battle for CEO Sam Altman in late 2023, the company has grown new products, services and business partnerships, helping to generate an estimated $2 billion in revenue.. More than any other startup in the 12-year history of the Disruptor 50 list, OpenAI's disruptive impact and potential is unparalleled.is that OpenAI is not working in opposition to incumbents but rather as a partner to tech giants and other large corporations.

After a dramatic boardroom battle in November, in which CEO Sam Altman was ousted and then just a few days later brought back after outrage from investors and employees, the company strengthened its board and management structure, with Altman himselfin March. The scramble to rehire Altman and his team revealed the depth of corporate and venture capital support for the OpenAI CEO as an innovator and leader.

Unlike the founded-in-a-garage mythology that dominated the Googles and PayPals of prior tech cycles, these AI-driven companies need GPUs and data centers, which has led most of them toranging from Microsoft and Nvidia to Oracle, Salesforce, Amazon and Alphabet. As a result we may not see as many new entrants into the AI sector as so-called Web 1.0 and 2.0, but the companies that do succeed, like those on our Disruptor 50 list, have the potential to be far more impactful and disruptive.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The 2024 CNBC Disruptor 50: How we chose the companiesThe 2024 CNBC Disruptor 50 list highlights AI’s rapid transformation of market and business innovation.
Source: nbcchicago - 🏆 545. / 51 Read more »

OpenAI bids for Japan business as it opens Tokyo officeOpenAI bids for Japan business as it opens Tokyo office
Source: Investingcom - 🏆 450. / 53 Read more »