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- OpenAI crosses $1.6B ARR, up from $1.3B in Oct., even with Nov. chaos
OpenAI crosses $1.6B ARR, up from $1.3B in Oct., even with Nov. chaos
Bay Area Times
January 02, 2024
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Top stories today:
- OpenAI crosses $1.6B ARR, up from $1.3B in Oct.
- ASML canceled some Chinese chip equipment sales after U.S. pressure
- X stock marked -71.5% by Fidelity, now worth $9B
- Premium smartphones ($600+) now 24% of total, iPhone at 71%
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. OpenAI crosses $1.6B ARR, up from $1.3B in Oct., even with Nov. chaos
2024 projection of $5B+ (depending on who was asked).
Reportedly raising $10B at $100B+ valuation.
OpenAI appears to not have been seriously impacted by the management chaos in November, which saw CEO Sam Altman fired and rehired in 1 week.
2. ASML canceled some Chinese chip equipment sales after pressure from Biden
3 top-of-the-line deep ultraviolet lithography machine shipments to China were canceled.
China significantly increased its purchases after June, when the Dutch government announced curbs that became effective on Jan. 1:
Real estate has outperformed the S&P500 over the past 20 years as an asset class, according to a 2019 Harvard study.
Arrived, the real estate platform funded by world-class investors like Bezos and Benioff, offers fractional real estate investing in expert-vetted (less than 0.2% make the cut) long-term rentals, vacation rentals, funds, and more coming soon.
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4. X stock marked -71.5% by Fidelity, now worth $9B
